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The rates of all of the top 10 coins are going up today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 2% over the last 24 hours.
On the hourly chart, the rate of BTC has set a local resistance of $106,692. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by the end of the day.
However, if the bar closes around current prices, there is a possibility of seeing a test of the $108,000 tomorrow.
On the bigger time frame, the price of the main crypto is rising after a false breakout of the support of $103,621. If the growth continues, traders may witness a further upward move to the $108,000-$110,000 range.
From the midterm point of view, the rate of BTC is on the way to the resistance of $109,588. If the weekly bar closes around that mark or above, one can expect a new all-time high shortly.
Bitcoin is trading at $106,570 at press time.
Vladislav Sopov
U.Today Editorial Team