[ad_1]
It was a mixed start to the day. Bitcoin plunged to a morning intraday low $ 16,535.0 before making a move.
Avoiding the first major support level at $ 16,105, Bitcoin reached an intraday high in the late afternoon and a new swing high $ 17,815.0.
Bitcoin broke through the first major resistance level at $ 17,103 and the second major resistance level at $ 17,486.
Coming below the $ 18,000 levels, Bitcoin briefly dipped through the second major resistance level.
Finding late support, however, Bitcoin broke through the second major resistance level to end the day at $ 17,670.
The short-term bullish trend remained intact, supported by the latest move up to the $ 17,000 levels. For bears, Bitcoin is expected to slide through the 62% FIB of $ 8,768 to form a short-term bearish trend.
The rest of the pack
For the rest of the majors, Tuesday was a bullish day.
Bitcoin Cash SV (+ 5.74%), Chainlink (+ 5.88%), Cardano’s ADA (+ 5.38%), Ethereum (+ 4.73%) and Ripple’s XRP (+ 5.08%) they led the way.
Binance Coin (+ 2.20%), Crypto.com Coin (+ 1.24%), Litecoin (+ 3.51%) and Polkadot (+ 1.95%) posted relatively modest gains over the course of the day.
Earlier in the week, the total cryptocurrency market cap went from a low of $ 445.47 billion on Monday to a high of $ 504.31 billion on Tuesday. At the time of writing, the total market capitalization was $ 493.74 billion.
Bitcoin’s dominance dropped to a Monday low of 65.43% before climbing to a Tuesday high of 66.63%. At the time of writing, Bitcoin’s dominance was 66.51%.
