The near-term bullish trend remained intact in spite of the latest reversal.
In the week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn.
In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback.
Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels.