Most of the coins are trading in the green zone, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) is almost unchanged since yesterday.
On the hourly chart, the price of BTC is near the support level of $98,557. If it breaks out, one can expect a test of the $98,000 range soon.
On the longer time frame, bulls have failed to keep yesterday’s upward move going.
If today’s candle closes far from the $100,000 area, bears may seize the initiative, which may lead to a drop to the $97,000 zone shortly.
From the midterm point of view, one should pay attention to the weekly bar’s closure in terms of the vital mark of $100,000. If it happens around it or above, the accumulated energy might be enough for a move to the resistance of $105,374.
Bitcoin is trading at $99,249 at press time.
