Bulls are back in the game in the second half of the day, according to CoinStats.
Top coins by CoinStats
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.55% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of BTC is in the middle of the local channel, between the support of $104,923 and the resistance of $106,130.
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As the rate is far from the key levels, any sharp moves are unlikely to happen by tomorrow.
Image by TradingView
On the bigger time frame, the situation is similar. The rate of the main crypto is within yesterday’s candle, which means ongoing sideways trading remains the more likely scenario within the next few days.
Image by TradingView
On the weekly chart, traders are also unlikely to witness increased volatility shortly. Such a statement is also confirmed by the falling volume. All in all, one can expect consolidation in the range of $103,000-$110,000 until the end of the month.
Bitcoin is trading at $105,462 at press time.
