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Most of the coins have returned to the green zone, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by 4.42% since yesterday.
On the hourly chart, the rate of BTC is rising after a breakout of the $87,589 resistance. If bulls can hold the initiative, the upward move is likely to continue to the $91,000-$92,000 range shortly.
On the longer time frame, none of the sides is dominating as the price of the main crypto is far from key levels.
However, if the candle closes near $93,000, the accumulated energy might be enough for a breakout, followed by an ongoing upward move to the $95,000-$97,000 zone.
From the midterm point of view, the picture is similar, as neither bulls nor bears have enough strength for a sharp move. The falling volume also confirms such a statement. In this case, sideways trading in the area of $90,000-$95,000 is the most likely scenario.
Bitcoin is trading at $90,692 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team