According to Coinstats, the day was bearish for the market, but the Bulls are about to return to the game.
BTC/USD
Bitcoin (BTC) is one of the biggest winners of today, up 1.77%.
On the hourly chart, BTC speeds are about to break local resistance. If that happens and the daily bar closes above that mark, the rise could last up to the $109,000 area tomorrow.
In a larger time frame, the main coin price blew up after breaking $106,329 resistance.
If the Bulls are able to hold on the initiative they acquired, the upward movement could lead to testing in the $110,000 range by the weekend.
From a medium-term perspective, the rate has risen after a false breakout of $100,764 support. However, prices remain far from important levels. This means that buyers may need more time to accumulate energy for even more sharp movements.
Bitcoin is trading at $107,832 at the time of press.
