According to Coinstats, most coins returned to the red zone on the last day of the week.
BTC/USD
Bitcoin (BTC) prices rose 1.3% on the last day.
On the hourly chart, the rate of BTC is about to correct the local resistance to $118,500 above. If that happens, the upward movement could last until the $119,000 mark by tomorrow.
In a larger time frame, traders should pay attention to the nearest level of $118,775.
If the Bulls can hold on to the initiative they acquired, the energy may be enough to continuously move upwards into the $120,000 range.
From a medium-term perspective, the speed of major coins is far from critical levels. However, if a $123,236 resistance breakout occurs, you can expect a new all-time high soon.
Bitcoin is trading at $118,592 at the time of press.
