Financial Insights That Matter
The market keeps staying in the green zone, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) is almost unchanged since yesterday.
On the hourly chart, the rate of BTC is about to the break the local resistance of $88,032. If the daily bar closes above that mark, there is a chance to see a test of the $89,000 zone by tomorrow.
On the bigger time frame, bulls seem to have energy to keep growing. In this case, one should focus on the interim zone of $90,000.
Related
If it breaks out, traders may witness a test of the resistance of $94,971 by the end of the week.
From the midterm point of view, it is too early to make any distant predictions. If the weekly candle closes around current prices, sideways trading in the range of $87,000-$92,000 is the most likely scenario.
Bitcoin is trading at $87,940 at press time.
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