A bearish start to the day saw Bitcoin slide to an early morning intraday low $56,277.0.

Bitcoin fell through the first major support level at $56,367 before striking a late intraday high $59,480.0.

Falling short of the first major resistance level at $59,551, Bitcoin fell back to end the day at sub-$58,100 levels.

The near-term bullish trend remained intact supported by last Sunday’s new swing hi $61,699.0. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Ripple’s XRP slipped by 0.37% to buck the trend on the day.

It was a bullish day for the rest of the majors.

Bitcoin Cash SV (+5.25%), Cardano’s ADA (+5.36%), Crypto.com Coin (+5.50%), and Polkadot (+7.28%) led the way.

Binance Coin  (+0.70%), Chainlink (+1.22%), Ethereum (+1.86%), and Litecoin (+0.09%) trailed the front runners.

In the current week, the crypto total market fell to a Tuesday low $1,593bn before rising to a Thursday high $1,832bn. At the time of writing, the total market cap stood at $1,757bn.

Bitcoin’s dominance rose to a Monday high 63.03% before falling to a Tuesday low 60.84%. At the time of writing, Bitcoin’s dominance stood at 61.49%.

This post was originally published on FX Empire.