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The crypto market keeps growing today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has risen by 6.44% since yesterday.
On the hourly chart, the price of the main crypto is near the formed resistance of $118,839. As there are no levels ahead, there are good chances of seeing ongoing growth.
On the longer time frame, the rate of BTC keeps rising after breaking the $112,000 level.
If the candle closes around the current prices, traders may witness a test of the $120,000 range soon.
From the midterm point of view, bulls are controlling the situation on the market. Until the rate is above the $112,000 mark, there is a high chance of seeing a new all-time high from BTC shortly.
Bitcoin is trading at $118,196 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team