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The market remains under bears' pressure, however, there are some exceptions to the rule, according to CoinMarketCap.
BTC/USD
Bitcoin (BTC) is the biggest gainer today, rising by 1.45%.
On the hourly chart, the rate of BTC is looking bullish as it is near the resistance of $113,002. If bulls can hold the gained initiative, there is a chance to see a test of the upper level by tomorrow.
On the longer time frame, the price of the main crypto has once again tested the resistance of $112,646.
If its breakout occurs and the daily bar closes with no long wick, the accumulated energy might be enough for a test of the $115,000 area.
From the midterm point of view, none of the sides is dominating as the rate of BTC is far from key levels. Even if the weekly bar closes around the current prices or above them, buyers might need more time to gain strength for a further move.
Bitcoin is trading at $112,221 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team