Falling short of the first major resistance level at $43,646, Bitcoin slid to a late intraday low $40,928.0.
The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.
Across the rest of the majors, it was a bearish day on Tuesday.
The Rest of the Pack
A bullish start to the day saw Bitcoin rise to an early morning intraday high $42,77.0 before hitting reverse.
Bitcoin fell through the 38.2% FIB of $41,592 and the first major support level at $41,425 to end the day at sub-$41,100 levels.
Crypto.com Coin slid by 6.28% to lead the way down.
Chainlink (-4.25%), Cardano’s ADA (-4.43%), Ethereum (-4.12%), Litecoin (-3.12%), and Ripple’s XRP (-3.07%) also struggled.
Binance Coin (-0.73%), Bitcoin Cash SV (-1.78%), Polkadot (-2.48%) and saw relatively modest losses, however. Early in the week, the crypto total market rose to a Monday high $2,014bn before sliding to a Tuesday low $1,809bn. At the time of writing, the total market cap stood at $1,829bn.
Bitcoin’s dominance fell to a Monday low 41.46% before rising to a Tuesday high 42.56%. At the time of writing, Bitcoin’s dominance stood at 42.24%. This Morning
At the time of writing, Bitcoin was down by 0.11% to $41,017.5. A mixed start to the day saw Bitcoin fall to an early morning low $40,991.0 before rising to a high $41,208.0. Bitcoin left the major support and resistance levels untested early on.
It was a relatively bullish start for the rest of the majors, however. At the time of writing, Chainlink was up by 0.65% to lead the way.
Bitcoin Cash SV (-0.85%), Cardano’s ADA (-0.12%), and Crypto.com Coin (-1.25%) joined Bitcoin in the red early on. Elsewhere, it was a mixed start to the day.