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A mixed start to the day saw Bitcoin fall to an early morning intraday low $54,138.7 before making a move.
Steering clear of the first major support level at $53,253, Bitcoin rose to a late intraday high $56,870.0.
Falling well short of the first major resistance level at $58,998, Bitcoin eased back to end the day at $56,700 levels.
The near-term bullish trend remained intact in spite of the latest slide back to $53,000 levels. For the bears, Bitcoin would need to slide 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.
Crypto.com Coin fell by 2.07% to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Bitcoin Cash SV rallied by 14.93% to lead the way.
Binance Coin (+6.46%), Cardano’s ADA (+7.38%), Chainlink (+5.32%), Ethereum (+5.83%), Litecoin (+5.23%), Polkadot (+4.35%), and Ripple’s XRP (+6.31%) also made solid gains.
Early in the week, the crypto total market rose to a Monday high $2,533bn before sliding to a Monday low $2,137bn. At the time of writing, the total market cap stood at $2,409bn.
Bitcoin’s dominance rose to a Monday high 46.90% before falling to a Tuesday low 43.93%. At the time of writing, Bitcoin’s dominance stood at 44.33%.
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