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The prices of the majority of the coins are rising again, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.4% over the last day.
On the hourly chart, the price of BTC is near the local support of $111,880. If its breakout occurs, the decline is likely to continue to the $111,000 range by tomorrow.
On the longer time frame, the rate of the main crypto is going down after a false breakout of the resistance of $115,854. As there are no reversal signals yet, an ongoing drop is the more likely scenario.
From the midterm point of view, the situation is also bearish. In this case, traders should focus on the nearest level of $107,389.
If its breakout occurs, the accumulated energy might be enough for a move to the $105,000 mark.
Bitcoin is trading at $111,895 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team