A mixed start to the day saw Bitcoin fall to a late morning intraday low $39,445.9 before making a move.
Steering clear of the first major support level at $39,167, Bitcoin rallied to a late intraday high $41,273.0.
Falling short of the first major resistance level at $41,415, however, Bitcoin fell back to sub-$40,500 and into the red.
The near-term bullish trend remained intact supported by the latest move back through to $41,000 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 bearish day on Tuesday.
Bitcoin Cash SV slumped by 14.22% to lead the way down, with Polkadot sliding by 6.56%.
Crypto.com Coin (-3.07%), Litecoin (-2.68%), and Ripple’s XRP (-2.70%) also struggled.
Binance Coin (-0.96%), Cardano’s ADA (-1.27%), Chainlink (-1.79%), and Ethereum (-1.51%) saw relatively modest losses on the day.
Early in the week, the crypto total market fell to a Monday low $1,591bn before rising to a Tuesday high $1,708bn. At the time of writing, the total market cap stood at $1,638bn.
Bitcoin’s dominance fell to a Monday low 45.34% before rising to a Tuesday high 46.12%. At the time of writing, Bitcoin’s dominance stood at 45.89%.
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