Bitcoin fell by 1.00% on Tuesday. Partially reversing a 2.99% gain from Monday, Bitcoin ended the day at $9,267.5.
It was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning intraday high $9,389.4 before hitting reverse.
Falling well short of the first major resistance level at $9,475.2, Bitcoin slid to a late intraday low $9,211.1.
Steering clear of the first major support level at $9,161.4, Bitcoin moved back through to $9,260 levels to limit the loss on the day.
The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 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 jumped by 11.78% to lead the way.
Binance Coin (+2.94%), Stellar’s Lumen (+2.76%), and Tezos (+2.71%) also bucked the trend on the day.
It was a bearish day for the rest of the majors, however.
Bitcoin Cash SV (-4.55%) and Tron’s TRX (-4.80%) led the way down.
Bitcoin Cash ABC (-1.28%), EOS (-2.14%), Ethereum (-0.97%), Litecoin (-1.54%), Monero’s XMR (-0.68%) and Ripple’s XRP (-1.93%) also joined Bitcoin in the red.
In the current week, the crypto total market cap rose from a Monday low $254.54bn to Tuesday high $267.10bn. At the time of writing, the total market cap stood at $263.81bn.
Bitcoin’s dominance fell from a Monday high 65.58% to a Tuesday low 64.30%. At the time of writing, Bitcoin’s dominance stood at 64.58%.