A bullish start to the day saw Bitcoin rise to an early morning intraday high $34,052.0 before hitting reverse.
Falling short of the first major resistance level at $35,721 Bitcoin slid to a mid-afternoon intraday low $31,075.0.
Bitcoin fell through the first major support level at $32,487 and the second major support level at $31,401.
Finding late support, however, Bitcoin broke back through the major support levels to return to $33,000 levels.
The near-term bullish trend remained intact in spite of the latest fall back through to $31,000 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.
Cardano’s ADA (+1.13%), Polkadot (+0.41%), and Ripple’s XRP (+1.45%) saw green to buck the trend on the day.
It was a bearish day for the rest of the majors, however.
Crypto.com Coin tumbled by 14.04% to lead the day down.
Bitcoin Cash SV (-4.34%) and Ethereum (-3.22%) also struggled.
Binance Coin (-1.46%), Chainlink (-1.96%), and Litecoin (-0.75%) saw relatively modest losses, however.
Early in the week, the crypto total market rose to a Monday high $1,546bn before falling to a Monday low $1,374bn. At the time of writing, the total market cap stood at $1,475bn.
Bitcoin’s dominance rose to a Monday high 42.28% before falling to a Monday low 41.53%. At the time of writing, Bitcoin’s dominance stood at 42.07%.
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