Bitcoin fell by 1.71% on Thursday. Partially reversing Wednesday’s 13.26% rally, Bitcoin ended the day at $8,631.8. For April, Bitcoin ended the month up by 34.26%.

Another particularly bullish day saw Bitcoin rally to a mid-morning intraday high $9,441.9 before hitting reverse.

Bitcoin broke through the first major resistance level at $9,229.46 before sliding to a late afternoon intraday low $8,416.0.

Steering clear of the first major support level at $8,016.47, Bitcoin recovered to $8,800 levels before falling back into the red.

The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.

For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day for the pack on Thursday.

Cardano’s ADA (-7.87%), Monero’s XMR (-6.05%), Ripple’s XRP (-6.49%), Stellar’s Lumen (-6.13%), Tezos (-6.33%), and Tron’s TRX (-6.19%) struggled on the day.

Binance Coin (-2.53%), Bitcoin Cash SV (-0.49%), Bitcoin Cash ABC (-2.62%), EOS (-5.78%), Ethereum (-4.41%), and Litecoin (-5.06%) saw more modest losses on the day.

It was a different story for the month of April, however, with the crypto majors finding strong support.

Tezos and Stellar’s Lumen led the way, with gains of 71.10% and 66.40% respectively in April. Cardano’s ADA and Ethereum weren’t far behind, with the pair rallying by 56.01% and 54.97% respectively.

Binance Coin (+34.92%), Bitcoin Cash SV (+24.84%), EOS (+27.59%), Monero’s XMR (+30.50%), Ripple’s XRP (+21.54%), and Tron’s TRX (+30.87%) also found strong support.

Bitcoin Cash ABC and Litecoin trailed the pack with more modest gains of 14.02% and 18.34% respectively.

Through the current week, the crypto total market cap rose from a Monday low $220.56bn to a Thursday high $263.29bn. At the time of writing, the total market cap stood at $242.99bn.

Bitcoin’s dominance recovered to 64% levels following Wednesday’s breakout before breaking through to 65% levels. At the time of writing, Bitcoin’s dominance stood at 65.5%.

24-hour trading volumes rose from sub-$130bn levels to a Thursday high $253.89bn before easing back. At the time of writing, 24-hr volumes stood at $229.09bn.

This Morning

At the time of writing, Bitcoin was up by 0.77% to $8,698.5. A bullish start to the day saw Bitcoin rise from an early morning low $8,626.5 to a high $8,704.5.