After a mixed start to the day, Bitcoin rose to a late morning intraday high $33,337.0 before hitting reverse.
Falling short of the first major resistance level at $34,289, Bitcoin slid to a late intraday low $32,190.0.
Bitcoin fell through the first major support level at $32,234 before a partial recovery to $32,700 levels.
The near-term bullish trend remained intact, in spite of the latest return to $32,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a mixed day on Tuesday.
Crypto.com Coin bucked the trend, rising by 1.85%.
It was a bearish day for the rest of the majors, however.
Ethereum led the way down once more, sliding by 4.43%.
Binance Coin (-2.29%), Cardano’s ADA (-3.66%), Chainlink (-3.65%), and Polkadot (-3.37%) also struggled.
Bitcoin Cash SV (-0.80%), Litecoin (-1.45%), and Ripple’s XRP (-1.76%) saw relatively modest losses, however
Early in the week, the crypto total market rose to a Monday high $1,408bn before falling to a Tuesday low $1,294bn. At the time of writing, the total market cap stood at $1,319bn.
Bitcoin’s dominance fell to a Tuesday low 45.73% before rising to a Tuesday high 46.65%. At the time of writing, Bitcoin’s dominance stood at 46.43%.
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