A mixed start to the day resulted in Bitcoin climbing to an early morning intraday high of $ 35,495.0 before hitting the setback.
Bitcoin missed the first major resistance level of $ 35,856 and slid to a late intraday low of $ 31,264.0.
The sell-off resulted in Bitcoin breaking the first major support level at $ 32,909 and ending the day at $ 31,500.
Despite the prolonged sell-off, Bitcoin avoided the second major support level at $ 31,152.
The short-term uptrend has remained intact despite the recent drop below $ 30,000. For the bears, Bitcoin would need a sustained drop through the 62% FIB of $ 27,237 to form a short-term downtrend.
The rest of the package
For the other majors, Friday was a mixed day for the majors.
Bitcoin Cash SV (+1.72%) and Crypto.com Coin (+ 0.41%) bucked the trend that day.
For the other majors, however, it was a bearish day.
Chainlink led the way down, losing 11.10%.
Binance Coin (-8.94%), Cardanos ADA (-7.89%), Ethereum (-9.04%), Litecoin (-7.09%) and Ripple’s XRP (-9.39%) also posted strong figures Losses.
Polkadot fell a more modest 2.43% that day.
For the current week, the overall crypto market soared to a Monday high of $ 1,488 billion before falling to a low of $ 1,129 billion on Tuesday. At the time of writing, its total market cap was $ 1,278 billion.
Bitcoin’s dominance fell to a Monday low of 45.03% before rising to a Wednesday high of 48.28%. At the time of writing, Bitcoin was dominant at 46.86%.