It was a bullish start to the day. Bitcoin rallied to a late morning intraday high and a new swing hi $19,956 before hitting reverse.
Falling short of the first major resistance level at $20,295, Bitcoin slid to an early afternoon intraday low $18,279.0.
The selloff saw Bitcoin fall through the first major support level at $18,647 before finding support.
Bitcoin briefly bounced back to $19,500 levels before falling back through to end the day at sub-$19,000 levels.
The first major support level limited the downside late in the day.
The near-term bullish trend remained intact, in spite of the recent slide back to sub-$17,000 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.
In the current week, the crypto total market cap rose from a Monday low $531.50bn to a Monday high $589.74bn. At the time of writing, the total market cap stood at $552.36bn.
Bitcoin’s dominance fell to a Monday low 62.47% before rising to a Tuesday high 63.99%. At the time of writing, Bitcoin’s dominance stood at 63.26%.