According to Coinstats, the majority of the coins remain in the red zone today.
BTC/USD
The Bitcoin (BTC) percentage has risen 0.14% since yesterday. Prices fell 5.43% last week.
On the hourly chart, the BTC accidentally broke out local support with a price of $109,317, but that rate isn’t far from it. If things don’t change, you can expect to move further downwards to the $109,000-$109,200 range.
In a larger time frame, the speed of the main crypto remains under seller pressure.
If the daily bar closes below current prices, traders may witness tests of areas ranging from $108,000 to $109,000 by the end of the month.
From a medium-term perspective, we should focus on weekly bar closures from a $107,389 perspective. If a breakout occurs, the fix could last up to the $104,000 range.
Bitcoin is trading at $109,447 at press time.
