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The market keeps going up at the end of the week, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 0.72% over the last 24 hours.
On the hourly chart, the rate of BTC has once again bounced off the local support of $122,869. If the daily bar closes far from that mark, one can expect growth to the $123,500 range.
On the bigger time frame, the price of the main crypto has made a false breakout of the resistance of $124,517.
If buyers cannot seize the initiative, sellers may be back in the game, which may lead to a test of the $121,000 area.
From the midterm point of view, one should pay attention to the bar closure in terms of $124,517. If the weekly candle closes above that mark, traders may witness further growth to a new all-time high.
Bitcoin is trading at $122,982 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team