A bullish start to the day saw Bitcoin rise to an early morning intraday high $44,356.0 before hitting reverse.
Falling short of the first major resistance level at $44,502, Bitcoin slid to a late intraday low $42,135.0.
Steering clear of the 38.2% FIB of $41,592 and the first major support level at $41,399, Bitcoin ended the day at $42,180 levels.
The near-term bullish trend remained intact, in spite of the latest return to sub-$40,000 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 bearish day on Monday.
Chainlink slid by 6.32% to lead the way down.
Cardano’s ADA (-3.48%), Ethereum (-4.40%), and Litecoin (-3.66%) also struggled.
Binance Coin (-2.54%), Bitcoin Cash SV (-1.99%), Crypto.com Coin (-1.00%), Polkadot (-1.57%), and Ripple’s XRP (-2.24%) saw relatively modest losses.
Early in the week, the crypto total market rose to a Monday high $1,997bn before sliding to an early Tuesday low $1,880bn. At the time of writing, the total market cap stood at $1,902bn.
Bitcoin’s dominance fell to a Monday low 41.79% before rising to a Monday high 42.15%. At the time of writing, Bitcoin’s dominance stood at 41.94%.