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The rates of most of the coins are falling today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has fallen by 2.13% over the last 24 hours.
On the hourly chart, the rate of BTC is closer to the resistance than to the support level. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the price of the main crypto has made a false breakout of the support of $114,518.
If the candle closes far from that mark, one can expect a bounce back to the $116,000 mark.
From the midterm point of view, the rate is testing the $114,518 level. If it breaks out, the accumulated energy might be enough for an ongoing drop to the $112,000 zone.
Bitcoin is trading at $115,145 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team