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The ongoing market growth remains the more likely scenario today, according to CoinStats.
BTC/USD
Bitcoin (BTC) is one of the biggest gainers, rising by almost 4%.
On the hourly chart, the rate of BTC is near the recently formed resistance of $109,500. If buyers can hold the gained initiative, the upward move may continue to the $110,000 zone.
On the bigger time frame, the price of the main crypto is going up after breaking the resistance of $107,115. If the daily candle closes near the bar peak, traders may witness a test of the $110,000-$112,000 range shortly.
From the midterm point of view, the rate of BTC is breaking the resistance level of $108,364.
At the moment, there are no reversal signals yet, which means one can expect further growth to a new all-time high.
Bitcoin is trading at $109,195 at press time.
Vladislav Sopov
U.Today Editorial Team