The cryptocurrency market might not have decided which way to move as some coins are in the red zone, while others keep rising.
BTC/USD
The price of Bitcoin (BTC) keeps rising, going up by 0.14% over the last 24 hours.
On the hourly chart, the price of Bitcoin (BTC) has bounced off the support level at $22,782, which means that bulls will not give so easily. If the candle fixes above that mark, the rise may continue to the interim point of $23,000 tomorrow.
The price is stuck in the channel on the daily time frame, between the support at $22,442 and the resistance at $23,362. If buyers cannot recover the price above the $23,000 zone soon, there are chances to see the fall to $22,000 until the end of the month.
From the midterm point of view, one should focus on the $22,781 level. If the bar closes above it, that means that bulls are ready to keep the growth going to the $24,000-$25,000 zone.
Bitcoin is trading at $22,834 at press time.
Arman Shirinyan
Alex Dovbnya
