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According to the CoinMarketCap ranking, the prices of some coins are falling while others keep rising.
Top coins by CoinMarketCap
BTC/USD
The rate of Bitcoin (BTC) keeps growing, going up by 1% over the last 24 hours.
Image by TradingView
On the local chart, the price of Bitcoin (BTC) has set a local support level formed by its false breakout. At the moment, the rate has tried to fix above the $31,000 zone.
If buyers manage to do that by the end of the day, there is a chance to see a further upward move to the $31,200-$31,400 zone tomorrow.
Image by TradingView
On the bigger chart, buyers are trying to seize the initiative again as the candle is about to absorb the recent correction. If the bar closure happens near the $31,000 area, traders are likely to see a test of the resistance at $31,458 shortly.
Image by TradingView
From the midterm point of view, the week has just started, and it is too early to make any predictions. However, if the bar closes above the last candle closure, growth may continue to the $32,000 zone and above.
Bitcoin is trading at $30,821 at press time.
Alex Dovbnya
Dan Burgin
Arman Shirinyan
