Bears remain weaker than bulls today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has risen by 1.55% since yesterday.
On the hourly chart, the price of BTC has made a false breakout of the local resistance of $115,258. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
However, if the candle closes near the resistance, growth may continue to $116,000 within the next days.
On the longer time frame, the rate of the main coin is rising after yesterday’s bullish closure. If the bar closes near $116,000 with no long wick, the accumulated energy might be enough for a move to the $117,000-$119,000 zone.
From the midterm point of view, it is too early to make any long-term predictions. The volume has declined, which means sideways trading in the area of $114,000-$120,000 is the most likely scenario.
Bitcoin is trading at $115,036 at press time.