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Sellers are more powerful than buyers at the end of the week, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has dropped by 2.23% over the last day.
On the hourly chart, the rate of BTC has made a false breakout of the local support of $83,358. If the daily bar closes far from that level, growth may continue to the $85,000 zone by tomorrow.
On the bigger time frame, the price of the main crypto is far from key levels. Thus, the volume is low, which means none of the sides is ready to seize the initiative.
Denys SerhiichukAll in all, sideways trading in the zone of $83,000-$85,000 is the most likely scenario.
From the midterm point of view, the picture is similar. In this case, one should focus on the nearest interim zone of $80,000. If its breakout happens, the energy might be enough for a dump to the $72,000-$76,000 area.
Bitcoin is trading at $84,028 at press time.
Vladislav Sopov
Dan Burgin