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Bulls are coming back to the game today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by 0.14% since yesterday.
On the hourly chart, the rate of BTC keeps looking bullish as it is near the local resistance of $113,229. If its breakout happens, the upward move is likely to continue to the $114,000 mark.
On the longer time frame, the price of the chief crypto has made a false breakout of yesterday's bar's low.
If the daily bar closes far from that level, bulls may come back to the game, which may lead to the test of the $114,000-$116,000 zone soon.
A less bullish picture can be seen on the weekly chart. If the weekly candle closes around the current prices or below, there is a high chance of seeing a test of the $108,000 range by the end of the month
Bitcoin is trading at $112,934 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team