Falling short of the first major resistance level at $34,209, Bitcoin slid to a mid-morning intraday low $29,861.0.
Steering clear of the first major support level at $29,156, Bitcoin rallied to a late intraday high $34,493.0.
Bitcoin broke through the first major resistance level at $34,209 before falling back to sub-$34,000 levels.
The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 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.
It was a bullish day for the rest of the majors, however.
Cardano’s ADA rallied by 15.11% to lead the way.
At the start of the week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Tuesday high $943.21bn. At the time of writing, the total market cap stood at $906.55bn.
Bitcoin’s dominance rose to a Monday high 70.25% before falling to a Monday low 67.66%. At the time of writing, Bitcoin’s dominance stood at 69.37%.