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The last day of the week has turned out to be bearish for the majority of the coins, according to CoinMarketCap.
BTC/USD
Bitcoin (BTC) is the exception, rising by 0.15% since yesterday. Over the last week, it has fallen by 2.82%.
On the hourly chart, the rate of BTC is rising after setting local support at $103,832. If the growth continues, one can expect a test of the resistance by tomorrow.
On the bigger time frame, the price of the chief crypto is within yesterday's bar.
The volume is low, which means traders are unlikely to witness sharp moves on the first days of June.
From the midterm point of view, sellers are trying to seize the initiative. As the rate of BTC is far from the current prices, one should focus on the interim level of $102,126. If a breakout happens, the fall may lead to a test of the $100,000 zone soon.
Bitcoin is trading at $104,291 at press time.
Vladislav Sopov
U.Today Editorial Team