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Most of the coins have followed the bounce back of Bitcoin (BTC), except for XRP, whose rate has declined by 0.15%.
BTC/USD
The rate of Bitcoin (BTC) has risen by 1.34% over the last 24 hours.
On the hourly chart, Bitcoin (BTC) has formed the support level at $19,282 with the false breakout. At the moment, the rate is on its way to the local resistance at $19,469. If buyers hold the gained initiative, the upward move may continue to the $19,500-$19,600 zone.
On the bigger time frame, the accumulation period continues as the price has reached neither the support level nor the resistance yet.
Denys SerhiichukIf today's candle closes above the $19,200 mark, the chances for growth to the vital $20,000 area will rise.
A similar picture is on the weekly chart as the volume keeps going down. If the price does not go below $19,000 and bulls continue the rise of the previous week, the main cryptocurrency might enter a bull run, which can lead to the test of the nearest resistance at $20,381 next month.
Bitcoin is trading at $19,412 at press time.
Alex Dovbnya
Arman Shirinyan
U.Today Editorial Team
Vladislav Sopov
Dan Burgin