According to Coinstats, the middle of this week is dominated by sellers.
BTC/USD
Bitcoin (BTC) prices fell 0.75% on the last day.
On the hourly chart, BTC rates are about to beat local support at $117,421. If that happens, an ongoing drop could soon lead to testing the $117,000 mark.
In a longer time frame, the prices of major cryptos are far from support and resistance levels. However, if the daily bar is below the $117,000 zone, the $115,000-$116,000 range is likely to decline continuously.
From a medium-term perspective, buyers were unable to continue rising after the previous bullish closure.
If nothing changes by the weekend, traders can expect a $112,000 test of support soon.
Bitcoin is trading at $117,474 at press time.
