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The prices of most coins are in the red zone on Saturday, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone down by 1.37% over the last 24 hours.
On the hourly chart, the price of BTC is trying to fix above the local resistance of $90,897. If the daily candle closes above that mark, the growth may lead to a test of the $91,500 zone soon.
On the bigger time frame, the rate of the main crypto has not accumulated enough energy for a sharp move. Such a statement is also confirmed by the falling volume.
In this regard, consolidation in the area of $90,000-$92,000 is the more likely scenario.
From the midterm point of view, neither bulls nor bears are controlling the situation on the market. Respectively, traders are unlikely to witness increased volatility shortly.
Bitcoin is trading at $90,912 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team