The rates of all top 10 coins are rising today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by almost 3% since yesterday.
On the hourly chart, the rate of BTC is near the local support of $115,189. If a bounce back does not happen by the end of the day, one can expect a level breakout, followed by a further drop to the $114,500-$115,000 zone.
On the bigger time frame, the picture is less clear. The price of the main crypto has failed to maintain yesterday’s rise after the bullish bar closure.
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If nothing changes, there is a chance of a test of the $114,000 mark shortly.
From the midterm point of view, the rate of BTC has made a false breakout of the $111,919 level. The volume is low, which means traders might not see increased volatility soon. In this case, sideways trading in the range of $114,000-$118,000 is the more likely scenario until the end of the month.
Bitcoin is trading at $115,352 at press time.
