A mixed start to the day saw Bitcoin rise to an early morning intraday high $11,778.0 before hitting reverse.
Falling short of the first major resistance level at $11,875, Bitcoin slid to a late afternoon intraday low $11,137.0.
Bitcoin fell through the day’s major support levels before a brief recovery to $11,400 levels.
The late recovery saw Bitcoin move back through the third major support level at $11,256 to reduce the deficit on the day.
The near-term bullish trend remained intact, supported by the latest move through to $12,000 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 bearish day for the majors on Tuesday.
Cardano’s ADA (-8.99%), EOS (-7.77%), and Tron’s TRX (-8.54%) led the way down.
Bitcoin Cash SV (-6.04%), Ethereum (-6.02%), and Tezos (-6.54%) weren’t far behind.
Binance Coin (-5.22%), Bitcoin Cash ABC (-4.74%), Litecoin (-5.91%), Monero’s XMR (-5.75%), Ripple’s XRP (-4.22%), and Stellar’s Lumen (-5.58%) also struggled on the day.
In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $331.45bn. At the time of writing, the total market cap stood at $341.48bn.
Bitcoin’s dominance fell to a Monday low 60.62% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoin’s dominance stood at 61.34%.