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Bitcoin, BTC to USD, slipped by 0.87% on Tuesday. Following a 6.71% rally on Monday, Bitcoin ended the day at $66,938.0.
A bullish start to the day saw Bitcoin rise to an early morning intraday high and a new ATH $68,444.0 before hitting reverse.
Falling short of the first major resistance level at $69,035, Bitcoin fell to a late afternoon intraday low $66,326.0.
Steering well clear of the first major support level at $64,647, however, Bitcoin revisited $67,400 levels before easing back.
The near-term bullish trend remained intact, supported Tuesday’s ATH $68,444. For the bears, Bitcoin would need a sustained fall 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.
Litecoin surged by 14.42% to lead the way, with Bitcoin Cash SV (+7.86%) and Cardano’s ADA (+6.72%) finding strong support.
It was a bearish day for the rest of the majors, however.
Crypto.com Coin slid by 11.66% to lead the way down, with Polkadot down by 4.00%.
Binance Coin (-2.89%), Chainlink (-2.00%), Ethereum (-1.67%), and Ripple’s XRP (-2.25%) also struggled, however.
Early in the week, the crypto total market fell a Monday low $2,719bn before rising to a Tuesday high $2,982bn. At the time of writing, the total market cap stood at $2,892bn.
Bitcoin’s dominance fell to a Monday low 43.09% before rising to a Tuesday high 44.35%. At the time of writing, Bitcoin’s dominance stood at 43.87%.
This Morning
At the time of writing, Bitcoin was up by 0.43% to $67,227.0. A mixed start to the day saw Bitcoin fall to an early morning low $66,834.0 before rising to a high $67,229.0.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Binance Coin (-0.19%), Crypto.com Coin (-2.10%), and Polkadot (-0.20%) saw early red.
It was a bullish start for the rest of the majors, however.
At the time of writing, Litecoin was up by 0.96% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to move through the $67,236 pivot to bring the first major resistance level at $68,146 into play.
Support from the broader market would be needed for Bitcoin to break back through to $68,000 levels.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s ATH $68,444.0 would likely cap the upside.
In the event of an extended rally, Bitcoin could test resistance at $70,000. The second major resistance level sits at $69,354.
Failure to move through the $67,236 pivot would bring the first major support level at $66,028 into play.