According to Coinstats, buyers are in control of the situation at the beginning of the weekend.
BTC/USD
Bitcoin (BTC) percentage rose 3.42% over the past 24 hours.
On the hourly chart, BTC speeds are rising after a breakout of local resistance of $83,974.
If the daily bar closes far from its mark, the upward movement could soon last up to $86,000.
In a larger time frame, buyers are stronger than sellers. If things don’t change by the end of the day, a level breakout is expected, followed by testing of the $87,000 to $88,000 area.
On the weekly chart, buyers are seizing initiatives. In this case, traders should focus on candle closures at the $88,772 level. If this occurs above, the medium-term rise could last from $92,000 to $96,000.
Bitcoin is trading at $84,636 at press time.
