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Most of the top 10 coins are again in the green zone, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) is almost unchanged since yesterday.
On the hourly chart, the price of the leading crypto is in the middle of the channel, which means there are low chances for sharp moves until tomorrow. This statement is also confirmed by the ATR, which has almost been passed.
On the bigger time frame, the picture is similar. If the daily bar closes around the current prices, traders are unlikely to witness a test of support or resistance levels shortly.
From the midterm point of view, one should focus on the weekly bar's closure in terms of the $109,356 level.
If the weekly bar closes near it or above, the accumulated energy might be enough for ongoing growth to new peaks.
Bitcoin is trading at $109,635 at press time.
Vladislav Sopov
U.Today Editorial Team