Bitcoin, BTC to USD, rallied by 5.98% on Tuesday. Following on from a 1.35% gain on Monday, Bitcoin ended the day at $35,577.0.
A mixed start to the day saw Bitcoin fall to an early morning intraday low $33,500.0 before making a move.
Steering clear of the 23.6% FIB of $33,008 and the first major support level at $32,364, Bitcoin rallied to a late intraday high $36,054.0.
Bitcoin broke through the first major resistance level at $34,738 and the second major resistance level at $35,909.
A late pullback, however, saw Bitcoin fall back through the second major resistance level to end the day at sub-$35,600 levels.
The near-term bullish trend remained intact, in spite of the recent pullback to sub-$40,000. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 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.
Binance Coin (-0.78%) and Polkadot (-1.27%) saw red to buck the trend on the day.
It was a bullish day for the rest of the majors, however.
Ripple’s XRP (+0.34%) trailed the front runners, however.
At the start of the week, the crypto total market cap fell to a Monday low $939.07bn before rising to a Tuesday high $1,080.74bn. At the time of writing, the total market cap stood at $1,066.34bn.
Bitcoin’s dominance fell to a Monday low 61.48% before rising to a Monday high 64.10%. At the time of writing, Bitcoin’s dominance stood at 63.12%.
At the time of writing, Bitcoin was up by 1.73% to $36,192.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,485.0 before rising to a high $36,305.1
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day for the broader market.