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The crypto market has switched to green after a slight drop, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 1.69% over the last day.
On the hourly chart, the price of BTC has broken the local resistance at $92,576. If bulls can hold the gained initiative and keep the rate above that mark, the upward move may continue to the $94,000 zone soon.
On the longer time frame, the rate of the main crypto is closer to the resistance than to the support.
If a breakout of the $94,652 level occurs, the accumulated energy might be enough for a test of the $100,000 range.
From the midterm point of view, the situation is similar. If the weekly bar fixes above the resistance, traders may expect a price blast to the $100,000-$105,000 range by the end of the month.
Bitcoin is trading at $92,954 at press time.
Godfrey Benjamin
Alex Dovbnya
Tomiwabold Olajide
Denys Serhiichuk
Gamza Khanzadaev