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All top coins from the top 10 list are again in the green zone, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 1.45% since yesterday.
On the hourly chart, the rate of BTC is in the middle of the local channel. However, if the daily bar closes near the resistance, the upward move may lead to the test of the $112,000 area.
On the longer time frame, the price of the main crypto has not bounced back too far after a false breakout of the support of $109,283.
If the situation does not change, there is a chance to see an ongoing correction to the $106,000-$108,000 zone.
From the midterm point of view, one should pay attention to the weekly candle's closure in terms of the previous bar's low. If its breakout happens, the decline is likely to continue to the $105,000 mark.
Bitcoin is trading at $111,130 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team