Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market is trading sideways at the end of the week, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.14% over the past 24 hours.
On the hourly chart, the rate of BTC is trying to break the local resistance level of $66,350. If it breaks out, the upward move may continue to the $66,800 zone soon.
On the daily time frame, none of the sides has accumulated enough energy for a sharp move. This assertion is also confirmed by falling volume.
Denys SerhiichukIn this case, ongoing consolidation in the zone of $66,000-$68,000 is the more likely scenario.
From the midterm point of view, the picture is quite similar. The price of BTC is far from support and resistance levels. Likewise, there are low chances to see sharp ups or downs during the next few days.
Bitcoin is trading at $66,402 at press time.
Yuri Molchan
