It was a mixed start to the day. Bitcoin slipped to an early morning intraday low $16,535.0 before making a move.
Steering clear of the first major support level at $16,105, Bitcoin rallied to a late afternoon intraday high and a new swing hi $17,815.0.
Bitcoin broke through the first major resistance level at $17,103 and the second major resistance level at $17,486.
Coming up short of $18,000 levels, Bitcoin briefly fell back through the second major resistance level.
Finding late support, however, Bitcoin broke back through the second major resistance level to wrap up the day at $17,670 levels.
The near-term bullish trend remained intact, supported by the latest move through to $17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $8,768 to form a near-term bearish trend.
The Rest of the Pack
Across the rest of the majors, it was a bullish day on Tuesday.
Bitcoin Cash SV (+5.74%), Chainlink (+5.88%), Cardano’s ADA (+5.38%), Ethereum (+4.73%), and Ripple’s XRP (+5.08%) led the way.
Binance Coin (+2.20%), Crypto.com Coin (+1.24%), Litecoin (+3.51%), and Polkadot (+1.95%) saw relatively modest gains on the day.
At the start of the week, the crypto total market cap rose from a Monday low $445.47bn to a Tuesday high $504.31bn. At the time of writing, the total market cap stood at $493.74bn.
Bitcoin’s dominance fell to a Monday low 65.43% before rising to a Tuesday high 66.63%. At the time of writing, Bitcoin’s dominance stood at 66.51%.