Bitcoin rallied by 5.09% on Tuesday. Following on from a 5.35% bounce on Monday, Bitcoin ended the day at $8,154.1.

A mixed start to the day saw Bitcoin rise to a late morning high $7,952.0 before falling to a late afternoon intraday low $7,741.9.

Bitcoin broke through the first major resistance level at $7,909.27 before the pullback.

Steering clear of the first major support level at $7,482.27, Bitcoin rallied to a late intraday high $8,210.3.

Bitcoin broke through the first major resistance level at $7,909.27 and the second major resistance level at $8,060.63.

The 23.6% FIB of $8,200 limited the upside on the day.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week rally.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the majors.

Binance Coin (+0.47%), EOS (+0.06%), and Litecoin (+1.20%) joined Bitcoin in the green.

It was a bearish day for the rest of the pack, however.

Ripple’s XRP and Stellar’s Lumen led the way down, sliding by 4.30% and 3.93% respectively.

Bitcoin Cash SV (-3.42%) and Tron’s TRX (-3.00%) also saw relatively heavy losses.

Bitcoin Cash ABC (-0.31%), Ethereum (-0.78%), and Monero’s XMR (-0.81%) saw modest losses on the day.

Through the start of the week, the crypto total market cap jumped to an early Wednesday current week high $220.27bn. At the time of writing, the total market cap stood at $220.00bn, with the majors seeing further upside early on this morning.

Bitcoin’s dominance surged to 69% levels, driven by 2 solid days in the green. Trading volumes hit $92bn levels on Tuesday. At the time of writing, volumes were at $93bn levels.

This Morning

At the time of writing, Bitcoin was up by 2.91% to $8,391.0. A particularly bullish start to the day saw Bitcoin rise from an early morning low $8,148.8 to a high $8,442.0.

Breaking out from the 23.6% FIB of $8,200, Bitcoin broke through the first major resistance level at $8,328.97 early on.

Elsewhere, it was also a bullish start to the day.

Bitcoin Cash ABC (+2.52%), EOS (+2.73%), Ethereum (+2.49%), Litecoin (+3.86%), Monero’s XMR (+2.77%) and Tron’s TRX (+2.00%) also found strong support early on.

Binance Coin (+0.94%), Bitcoin Cash SV (+1.71%), Ripple’s XRP (+1.21%), and Stellar’s Lumen (+1.32%) trailed the pack.

For the Bitcoin Day Ahead

Bitcoin would need to hold above the first major resistance level at $8,328.97 to support a run at the second major resistance level at $8,503.83.