Buyers are slightly dominating over sellers, according to the CoinMarketCap ranking.
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BTC/USD
The price of Bitcoin (BTC) has increased by 0.31% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of Bitcoin (BTC) is looking bullish as the bar is about to test the local resistance of $26,200. If bulls hold the initiative, the breakout may lead to a blast to the $26,400 zone tomorrow.
Image by TradingView
A less bullish situation can be seen on the daily time frame as the price keeps accumulating energy for a further move.
As neither bulls nor bears are dominating, ongoing consolidation in the area of $26,000-$26,500 is the more likely scenario for the next few days.
Image by TradingView
From the midterm point of view, it is too early to make any predictions as the candle is far from the bar's closure. However, if buyers can hold the price above the $26,000 zone, the growth may continue to $26,800.
Bitcoin is trading at $26,194 at press time.