Financial Insights That Matter
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market is again green today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has increased by 1.86% over the last 24 hours.
On the hourly chart, the price of the main crypto is near the local resistance of $103,347. If buyers can hold the gained initiative, the breakout may lead to a test of the $104,000 area soon.
On the bigger time frame, none of the sides is dominating.
Related
The rate is far from the main levels, which means traders are unlikely to see sharp ups or downs by the end of the week.
A similar picture can be seen on the weekly chart. If the situation does not change, ongoing sideways trading in the narrow range of $100,000-$106,000 is the more likely scenario.
Bitcoin is trading at $103,048 at press time.
Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.
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