According to Coinstats, the crypto market is once again in the green zone.
BTC/USD
Bitcoin (BTC) prices have risen 1.35% since yesterday.
On the hourly chart, we made a false breakout of local resistance with a BTC rate of $112,775.
However, if the daily bar closes around that mark or above, the upward movement could last as far as the $113,000 range by tomorrow.
In a longer time frame, the price of the main crypto is heading towards a $113,473 resistance. As the Bulls’ pressure continues, they will soon have the opportunity to witness tests in the $113,000-$116,000 area.
From a medium-term perspective, BTC rates have risen after a false breakout at a level of $107,389. However, buyers may need more time to accumulate energy for further movement. In this case, side-way trading in regions between $111,000 and $115,000 is the most likely scenario.
Bitcoin is trading at $112,831 at the time of press.
