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The majority of the coins keep rising today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by almost 1% since yesterday.
On the hourly chart, the price of BTC is far from the key support and resistance levels. As neither side is dominating, there are low chances to see sharp moves by tomorrow.
On the bigger time frame, the rate of the main crypto is not far from the resistance at $90,640.
If a breakout happens, the accumulated energy might be enough for further growth to the $92,000-$93,000 zone. Such a scenario is relevant over the next week.
From the midterm point of view, the price of BTC keeps accumulating energy. The volume remains low, which means sideways trading is the more likely scenario until mid-January.
Bitcoin is trading at $90,008 at press time.
Gamza Khanzadaev
Arman Shirinyan