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All coins from the top 10 list are in the green zone today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.74% over the past day.
On the hourly chart, the rate of BTC has set a local resistance of $117,865. If the daily bar closes near that mark, growth may continue to the $118,500 mark.
On the longer time frame, the price of the main crypto is also more bullish than bearish.
If bulls can hold the gained initiative, the accumulated energy might be enough for a move to the $119,000-$120,000 range.
From the midterm point of view, the rate of BTC keeps rising for the third week in a row. However, the price is far from the key levels, which means the coin might need more time to gather energy for a further sharp move. In this regard, sideways trading in the zone of $115,000-$120,000 is the most likely scenario.
Bitcoin is trading at $117,354 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team