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Even though the day has started bearish for most of the coins, buyers are trying to seize the initiative, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 1.05% over the last 24 hours.
On the hourly chart, the rate of BTC has broken the local resistance level of $63,095. If the daily bar closes above that mark until the end of the day, the growth may continue to $64,000.
The price of BTC is rising after a false breakout of the support of $60,365. If the candle closes far from this level, traders may expect a local upward move to the $66,000-$68,000 zone.
Denys SerhiichukSuch a scenario is relevant until the end of the week.
From the midterm point of view, the rate of the main crypto has almost touched the $59,313 level. At the moment, the price is far from the support and resistance, which means one should not expect sharp moves soon. All in all, sideways trading between $62,000 and $66,000 is the more likely scenario.
Bitcoin is trading at $63,983 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov