A bullish start to the day saw Bitcoin fall to a late morning intraday low $53,337.0 before making a move.
Bitcoin fell through the first major support level at $54,091 before rallying to a late intraday high $57,099.0.
Falling short of the first major resistance level at $57,335, however, Bitcoin eased back to end the day at sub-$56,500 levels.
The near-term bullish trend remained intact in spite of the latest reversal. For the bears, Bitcoin would need to slide 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 bullish day for the rest of the majors, however.
Binance Coin jumped by 16.49% to lead the way.
Bitcoin Cash SV (+2.95%) and Polkadot (+0.59%), trailed the front runners, however.
Early in the week, the crypto total market rose to a Monday high $2,100bn before sliding to a Tuesday low $1,837bn. At the time of writing, the total market cap stood at $2,043bn.
Bitcoin’s dominance fell to a Monday low 51.28% before rising to a Tuesday high 54.32%. At the time of writing, Bitcoin’s dominance stood at 51.89%.