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A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $45,800.0 before hitting reverse.
Falling short of the first major resistance level at $46,177, Bitcoin slid to a late intraday low $42,316.0.
Steering clear of the 38.2% FIB of $41,592 and the first major support level at $41,509, Bitcoin ended the day at $42,900 levels.
The near-term bullish trend remained intact in spite of the latest slide back to sub-$43,000 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.
Chainlink jumped by 14.38% to lead the way, with Polkadot, and Ripple’s XRP rallying by 6.54% and by 6.46% respectively.
Bitcoin Cash SV (+3.91%), Crypto.com Coin (+2.04%), Ethereum (+2.82%), and Litecoin (+4.49%) also found support
It was a bearish start to the week for the rest of the majors, however.
Binance Coin (-0.84%) and Cardano’s ADA (-1.33%), and joined Bitcoin in the red.
Early in the week, the crypto total market rose to a Monday high $2,160bn before falling to a Monday low $1,885bn. At the time of writing, the total market cap stood at $2,022bn.
Bitcoin’s dominance rose to a Monday high 41.78% before falling to a Tuesday low 39.89%. At the time of writing, Bitcoin’s dominance stood at 40.03%.
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