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Most of the coins keep setting new local peaks today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 0.46% over the last day.
On the hourly chart, the price of the main crypto is going down after a breakout of the local support of $108,696.
If the situation does not change by the end of the day, the correction is likely to continue to the $108,000 mark by tomorrow.
On the longer time frame, bulls have failed to keep maintaining growth after yesterday's bullish bar closure. If nothing changes by the end of the day, there is a chance to see a test of the $107,000 by the end of the week.
From the midterm point of view, bulls are more powerful than bears, as the rate of BTC is closer to the resistance than to the support. However, if sellers seize the initiative and the candle closes near $105,000, one can expect a correction to the $100,000 area.
Bitcoin is trading at $108,380 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team