All eyes on $49,300 on the weekly chart
The end of the working week had seen a positive reaction to comments from Fed Chair Jerome Powell on tapering of asset purchases, as well as remarks on inflation.
With talk of a new “bullish impulse” move afoot on crypto markets, the mood into the weekend was thus far from bearish.
That weekly close had a solid chance of beating the last at the time of writing, with $49,300 the level to clinch for a multi-month high.
That would also place Bitcoin back in the tiny two-month window in which it closed above $49,000 on the weekly chart earlier this year.
A look at buy and sell levels on major exchange Binance on the day meanwhile revealed a support line slowly building at around $48,800, forming a close stand-off with sellers just below $50,000.
Cardano bulls back in action as altcoins wake up
Altcoins meanwhile mostly benefited from renewed strength in Bitcoin.
Cardano (ADA) bulls led the advance, ADA/USD climbing almost 10% to $2.85 and making up for much of its recently lost ground after hitting all-time highs. Solana (SOL) continued upwards after its own record high.
Ether (ETH) was at $3,240, having increased by a more modest 4% and still down 1.5% versus the same time last week.