It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,696.0 before making a move.
Steering clear of the first major support level at $11,507, Bitcoin rallied to a late afternoon intraday high $12,044.0.
Bitcoin broke through the first major resistance level at $11,918 to test resistance at $12,000 before easing back.
The pullback saw Bitcoin fall back to sub-$11,900 levels before breaking back through the first major resistance level.
The near-term bullish trend remained intact, supported by the latest move back 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 on Tuesday.
Cardano’s ADA (-5.66%), Chainlink (-9.50%), and Crypto.com Coin (-4.65%) lead the way down.
Binance Coin (-3.61%), Bitcoin Cash ABC (-3.79%), Ethereum (-2.82%), Litecoin (-2.21%), and Polkadot (-3.30%) also saw relatively heavy losses.
Bitcoin Cash SV (-0.47%) and Ripple’s XRP (-0.85%) saw relatively modest losses on the day.
At the start of the week, the crypto total rose to a Tuesday high $368.37bn before falling to a Tuesday low $347.77bn. At the time of writing, the total market cap stood at $360.38bn.
Bitcoin’s dominance rose from a Monday low 60.14% to a Tuesday high 62.21%. At the time of writing, Bitcoin’s dominance stood at 61.60%.