According to Coinstats, the bear remains weaker than today’s bulls.
BTC/USD
The Bitcoin (BTC) share has risen 1.55% since yesterday.
On the hourly chart, we made the wrong breakout of local resistance, with BTC priced at $115,258. Most of my daily ATRs have passed, so it’s unlikely that I’ll see sharp movements by tomorrow.
However, if the candle closes near resistance, it could grow to $116,000 in the next few days.
In the long time frame, the main coin speed has increased after yesterday’s bullish closure. If the bar closes nearly $116,000 without a long wick, the accumulated energy may be enough to move from $117,000 to $119,000 to the $119,000 zone.
From a medium-term perspective, it is too early to make long-term forecasts. This volume is decreasing, with sideways trading in an area of $114,000-$120,000 is the most likely scenario.
Bitcoin is trading at $115,036 at the time of press.
