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The rates of all top 10 coins are rising today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by almost 3% since yesterday.
On the hourly chart, the rate of BTC is near the local support of $115,189. If a bounce back does not happen by the end of the day, one can expect a level breakout, followed by a further drop to the $114,500-$115,000 zone.
On the bigger time frame, the picture is less clear. The price of the main crypto has failed to maintain yesterday's rise after the bullish bar closure.
If nothing changes, there is a chance of a test of the $114,000 mark shortly.
From the midterm point of view, the rate of BTC has made a false breakout of the $111,919 level. The volume is low, which means traders might not see increased volatility soon. In this case, sideways trading in the range of $114,000-$118,000 is the more likely scenario until the end of the month.
Bitcoin is trading at $115,352 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team