The Crypto Gaming Daily – Big casino games – WINF.COM
It’s been a mixed start to the day for Bitcoin and the majors. A Bitcoin move back through to $34,500 levels would support the broader market.
Bitcoin, BTC to USD, rose by 1.74% on Tuesday. Partially reversing a 4.55% slide from Monday, Bitcoin ended the day at $34,255.0.
After a mixed start to the day, Bitcoin rose to a late morning intraday high $35,196.0 before hitting reverse.
Bitcoin broke through the first major resistance level at $34,926 before sliding to a late afternoon intraday low $33,555.0.
Steering clear of the first major support level at $32,772, however, Bitcoin broke back through to $34,000 levels and into the green.
The near-term bullish trend remained intact, supported by the latest recent back to $36,000 levels. 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.
- Bitcoin Cash SV fell by 3.45% to buck the trend on the day.
- It was a bullish day for the rest of the majors, however.
- Chainlink rallied by 9.50% to lead the way.
- Binance Coin (+5.95%), Ethereum (+5.67%), and Polkadot (+4.39%) also found strong support.
- Cardano’s ADA (+0.88%), Litecoin (+0.78%), and Ripple’s XRP (+2.02%) trailed the front runners, however.
- Early in the week, the crypto total market fell to a Monday low $1,358bn before rising to a high $1,466bn. At the time of writing, the total market cap stood at $1,424bn.
- Bitcoin’s dominance rose to a Monday high 45.73% before falling to a Tuesday low 44.90%. At the time of writing, Bitcoin’s dominance stood at 44.98%.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Polkadot went up by 0.27%.
It was a bearish start for the rest of the majors, however, with Ripple’s XRP down by 0.38% to lead the way down.
For the Bitcoin Day Ahead
Bitcoin would need to move through the $34,335 pivot to bring the first major resistance level at $35,112 into play.
Support from the broader market would be needed for Bitcoin to break out from $34,500 levels.
Barring a broad-based crypto rebound, the first major resistance level and Tuesday’s high $35,196.0 would likely cap any upside.
Failure to move through the $34,335 pivot would bring the first major support level at $33,475 into play.
Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$32,000 levels. The second major support level at $32,694 should limit the downside.