According to Coinstats, the market is neutral in the middle of the week.
BTC/USD
Bitcoin (BTC) percentage has risen 0.15% over the past day.
On the hourly chart, BTC prices are about to be revised above $113,188. Once that happens and the bar closes far from its mark, the upward movement can last up to the $114,000 area.
For longer time frames, the speed of the main ciphers is far from the main level. In this case, traders should pay attention to daily candle closures regarding the peak of yesterday’s bar.
If that happens on top of it, the Bulls may once again seize the initiative.
From a medium-term perspective, neither side has seized the initiative. Such statements are also confirmed by low volumes. Overall, horizontal trading in regions between $110,000 and $114,000 is the most likely scenario.
Bitcoin is trading at $113,199 at press time.
