It was a bearish start to the day for Bitcoin and the broader market with a Bitcoin move back down to $34,000 levels would deliver support…

BTC to USD, slipped by 0.04% on Tuesday. Following a 6.17% slide on Monday, Bitcoin ended the day at $33,402.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $34,052.0 before hitting reverse.

Falling short of the first major resistance level at $35,721 Bitcoin slid to a mid-afternoon intraday low $31,075.0.

Bitcoin fell through the first major support level at $32,487 and the second major support level at $31,401.

Finding late support, however, Bitcoin broke back through the major support levels to return to $33,000 levels.

The near-term bullish trend remained intact in spite of the latest fall back through to $31,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.