A bullish start to the day saw Bitcoin rally to an early morning intraday high $37,888.0 before hitting reverse.
Falling short of the first major resistance level at $38,489, Bitcoin slid to an early afternoon intraday low $35,659.0.
Steering clear of the first major support level at $35,116, Bitcoin revisited $37,200 levels before falling back into the red.
The near-term bullish trend remained intact in spite of the recent slide back to sub-$30,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 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.
Binance Coin rose by 2.38% to buck the trend on the day.
It was a bearish day for the rest of the majors, however.
Chainlink slid by 4.36% to lead the way down.
Cardano’s ADA (-0.15%), and Polkadot (-0.37%) saw modest losses on the day, however.
In the current week, the crypto total market fell to a Monday low $1,451bn before rising to a Tuesday high $1,681bn. At the time of writing, the total market cap stood at $1,591bn.
Bitcoin’s dominance rose to a Monday high 44.12% before falling to a Tuesday low 42.23%. At the time of writing, Bitcoin’s dominance stood at 42.67%.