According to CoinStats, the cryptocurrency market continued its growth over the weekend.
BTC/USD
The Bitcoin (BTC) rate has increased by 1.3% since yesterday.
On the hourly chart, BTC price accidentally broke through the local resistance at $125,115.
However, if the daily chart closes above that mark, the rally could continue to make new highs.
On longer time frames, we should pay attention to the closing price of the candlestick at the $124,517 level. If that breakout occurs, traders may expect continued growth toward a new peak.
The situation is similar from a medium-term perspective. If the weekly closes above the $124,517 level, the upside is likely to continue.
At the time of writing, Bitcoin is trading at $124,725.
