It was a mixed start to the day. Bitcoin rose to an early morning high $37,450.0 before hitting reverse.
Falling short of the first major resistance level at $37,889, Bitcoin slid to a mid-morning low $36,299.0.
Steering clear of the first major support level at $35,176, however, Bitcoin rallied to a late afternoon intraday high $37,936.6.
Continuing to fall short of the first major resistance level at $37,889 Bitcoin slid to a final hour intraday low $35,863.0.
In spite of the late sell-off, Bitcoin continued to steer clear of the first major support level at $35,176.
The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was another mixed day on Tuesday.
Binance Coin and Chainlink slid by 6.05% and by 6.79% respectively to lead the way down.
Cardano’s ADA (-1.04%) also saw red on the day.
It was a bullish start to the week for the rest of the majors, however.
Ethereum rallied by 8.70% to lead the way.
Crypto.com Coin (+5.12%), and Ripple’s XRP (+2.87%) also found strong support.
Bitcoin Cash SV (+0.10%), Litecoin (+0.06%) and Polkadot (+0.92%) trailed the front runners, however.
In the current week, the crypto total market cap fell to a Monday low $958.80bn before rising to a Tuesday high $1,080.72bn. At the time of writing, the total market cap stood at $1,029.91bn.
Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Tuesday low 65.20%. At the time of writing, Bitcoin’s dominance stood at 65.65%.
