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The crypto market is mainly neutral today, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has risen by 0.85% over the last 24 hours.
On the hourly chart, the price of BTC is bullish. If bulls keep controlling the initiative, there is a chance to see a test of the $86,000 mark by tomorrow.
On the bigger time frame, one should focus on the nearest level of $85,595.
Denys SerhiichukIf its breakout occurs, traders may witness an ongoing upward move to the $88,000 zone.
From the midterm point of view, the situation is less clear. The volume keeps falling, which means none of the sides is ready for a sharp move. In this regard, sideways trading in the range of $83,000-$88,000 is the most likely scenario.
Bitcoin is trading at $84,492 at press time.
Vladislav Sopov
Dan Burgin