Falling short of the first major resistance level at $31,695, Bitcoin slid to an early afternoon intraday low $29,313.0.
Bitcoin fell through the first major support level at $30,267 and the second major support level at $29,670.
Steering clear of sub-$29,000 levels, however, Bitcoin revisited $30,000 levels before falling back.
The partial recovery saw Bitcoin move back through the second major support level to end the day at $29,800 levels.
The near-term bullish trend remained intact, in spite of the latest return to $29,000 levels. For the bears, Bitcoin would need a sustained fall 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 bearish day on Tuesday.
Bitcoin Cash SV tumbled by 10.75% to lead the way down.
Ethereum (-1.76%) and Polkadot (-0.98%) saw relatively modest losses on the day.
Early in the week, the crypto total market rose to an early Monday high $1,299bn before falling to a Tuesday low $1,154bn. At the time of writing, the total market cap stood at $1,193bn.
Bitcoin’s dominance fell to a Monday low 46.06% before rising to a Tuesday high 47.62%. At the time of writing, Bitcoin’s dominance stood at 46.76%.