Bitcoin, BTC to USD, rose by 1.43% on Tuesday. Following on from a 2.08% rally on Monday, Bitcoin ended the day at $11,925.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,696.0 before making a move.

Steering clear of the first major support level at $11,507, Bitcoin rallied to a late afternoon intraday high $12,044.0.

Bitcoin broke through the first major resistance level at $11,918 to test resistance at $12,000 before easing back.

The pullback saw Bitcoin fall back to sub-$11,900 levels before breaking back through the first major resistance level.

The near-term bullish trend remained intact, supported by the latest move back through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Tuesday.

Cardano’s ADA (-5.66%), Chainlink (-9.50%), and Crypto.com Coin (-4.65%) lead the way down.

Binance Coin (-3.61%), Bitcoin Cash ABC (-3.79%), Ethereum (-2.82%), Litecoin (-2.21%), and Polkadot (-3.30%) also saw relatively heavy losses.

Bitcoin Cash SV (-0.47%) and Ripple’s XRP (-0.85%) saw relatively modest losses on the day.

At the start of the week, the crypto total rose to a Tuesday high $368.37bn before falling to a Tuesday low $347.77bn. At the time of writing, the total market cap stood at $360.38bn.

Bitcoin’s dominance rose from a Monday low 60.14% to a Tuesday high 62.21%. At the time of writing, Bitcoin’s dominance stood at 61.60%.

This Morning

At the time of writing, Bitcoin was up by 0.52% to $11,987.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,910.0 before rising to a high $11,990.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV was down by 0.79% to buck the trend early on.

It was a bullish start for the rest of the majors.

At the time of writing, Bitcoin Cash ABC was up by 1.72% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,888 to bring the first major resistance level at $12,081 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $12,044.0.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test the second major resistance level sits at $12,236.

Failure to avoid a fall through the $11,888 pivot would bring the first major support level at $11,733 into play.