Bulls have come back to their previous positions as most of the coins are again in the green zone.
BTC/USD
Bitcoin (BTC) is the only loser among the top 10 coins as its rate has declined by 0.73% since yesterday.
On the hourly chart, Bitcoin (BTC) could not close the CME gap in the area of $42,000, followed by the false breakout of the $41,500 mark. At the moment, one needs to pay close attention to the local mirror level at $41,000. If buyers can hold it, there is a chance to see a bounceback by the end of the day.
On the bigger time frame, the main crypto made a false breakout of yesterday's level at $40,930, which confirms the bulls' power.
Thus, the selling trading volume is going down, suggesting a possible further price rise. In this case, there is a chance to see BTC trading around $42,000 by the end of the week.
From the mid-term point of view, the weekly candle closed bullish, which means that buyers are not ready to give up. If they can get the rate back to the zone around $44,000, the price of the chief crypto should rise to $50,000 next week.
Bitcoin is trading at $41,179 at press time.
Alex Dovbnya
Arman Shirinyan