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The rates of most of the coins from the top 10 list are going down today, according to CoinStats.
BTC/USD
Bitcoin (BTC) is the exception as its rate has gone up by 0.19%.
On the hourly chart, the rate of BTC is approaching the local resistance of $108,286. If a breakout happens, the growth may continue to the $108,500 zone by tomorrow.
On the daily time frame, neither buyers nor sellers are dominating as the price of the main crypto is far from the support and resistance levels.
The volume is low, which means traders are unlikely to witness increased volatility shortly.
From the midterm point of view, the weekly bar is about to close in the neutral zone. If the picture remains the same, sideways trading in the narrow range of $107,000-$110,000 is the more likely scenario.
Bitcoin is trading at $108,228 at press time.
Vladislav Sopov
U.Today Editorial Team