Most of the coins are under sellers’ control, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has declined by 3.63% over the last day.
On the hourly chart, the price of BTC is near the local support of $87,010. If the daily bar closes below that mark, traders may expect an ongoing decline to the $86,000 area soon.
On the bigger time frame, the rate of the main crypto is far from the key levels.
As none of the sides is dominating, sideways trading in the range of $86,000-$89,000 is the most likely scenario.
From the midterm point of view, the situation is similar. The volume keeps falling, which means there are low chances to expect sharp moves soon. All in all, traders may witness consolidation in the zone of $84,000-$90,000 until the end of the month.
Bitcoin is trading at $87,170 at press time.