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The prices of most of the coins are rising again, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 0.53% since yesterday.
On the hourly chart, the price of the main altcoin is near the local resistance after a false breakout of the support of $104,521.
If the breakout of the upper level happens, traders may witness a move to the $106,000 zone.
On the bigger time frame, neither bulls nor bears have seized the initiative so far. The volume remains low, which means there is a low probability of seeing sharp moves over the next few days.
From the midterm point of view, the situation is similar. The rate of BTC is far from the support and resistance levels, which means ongoing sideways trading is the most likely scenario until the end of the month.
Bitcoin is trading at $104,896 at press time.
Vladislav Sopov
U.Today Editorial Team