Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Monday has started bullish for the cryptocurrency market, according to CoinMarketCap's rankings.
BTC/USD
The price of Bitcoin (BTC) has risen by 4.55% since yesterday.
On the local chart, Bitcoin (BTC) is approaching the recently formed resistance level at $24,200. If a breakout occurs, the price may get to the $24,500 zone by the end of the day.
On the bigger time frame, Bitcoin (BTC) has broken the $24,000 mark, which means that bulls are ready for a continued rise. If the daily candle closes near $24,445, it may lead to growth to the $25,000 area until mid-August.
On the weekly chart, bulls have continued their upward move. If they can hold the price of Bitcoin (BTC) above the $24,000 mark until the end of the week, there are high chances to see a test of the mirror level at $25,400 within the next few days.
Bitcoin is trading at $24,111 at press time.
Arman Shirinyan
Alex Dovbnya
