It was a mixed start to the day. Bitcoin rose to a mid-morning intraday high $19,322.0 before hitting reverse.
Falling short of the first major resistance level at $19,462, Bitcoin slid to a late intraday low $18,271.
The reversal saw Bitcoin fall through the first major support level at $18,927 and the second major support level at $18,659.
Finding late support, Bitcoin moved back through to $18,300 levels to reduce the deficit from the day.
The near-term bullish trend remained intact, in spite of the latest pullback to sub-$19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 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 (-8.51%), Litecoin (-8.08%), Ripple’s XRP (-8.17%) led the way down.
Ethereum (-6.12%), Chainlink (-7.38%), and Binance Coin (-5.84%) also saw heavy losses.
Bitcoin Cash SV (-3.01%), Crypto.com Coin (-2.69%), and Polkadot (-2.00%) saw relatively modest losses on the day, however.
In the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Tuesday low $525.36bn. At the time of writing, the total market cap stood at $529.96bn.
Bitcoin’s dominance fell to a Monday low 63.30% before rising to a Tuesday high 64.19%. At the time of writing, Bitcoin’s dominance stood at 63.88%.