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The market seems unlikely to fall, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has set a new all-time high today, rising by 3.09%.
On the hourly chart, the price of BTC has set a local resistance of $111,888. As most of the daily ATR has been passed, traders have all the chances to witness sharp moves by the end of the day.
On the bigger time frame, the rate of the leading crypto is going up after breaking the previous all-time high level of $109,356.
Until the price is above that mark, one can expect further growth to new peaks.
A similar picture can be seen on the weekly chart. If the candle closes near the bar's peak and with no long wick, one can expect a test of the $115,000 mark soon.
Bitcoin is trading at $110,909 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team