Falling short of the first major resistance level at $40,160, Bitcoin fell to a late intraday low $37,663.0.
Bitcoin fell through the first major support level at $38,427 and the second major support level at $37,705.
Finding late support, Bitcoin moved back through the second major support level to revisit $38,400 levels before easing back.
Late in the day, the first major support level at $38,427 pegged Bitcoin back.
The near-term bullish trend remained intact, supported by the latest return to $42,000 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 mixed day on Tuesday.
It was a bearish day for the rest of the majors, however.
Early in the week, the crypto total market rose to a Monday high $1,629bn before falling to a Tuesday low $1,502bn. At the time of writing, the total market cap stood at $1,536bn.
Bitcoin’s dominance rose to a Monday high 47.27% before falling to a Tuesday low 46.33%. At the time of writing, Bitcoin’s dominance stood at 46.50%.