Saturdays are primarily controlled by sellers, according to Coinstats.
BTC/USD
Bitcoin (BTC) prices fell 1.43% on the last day.
On the hourly chart, BTC rates drop after an incorrect breakout of local resistance of $114,008. If the daily bar is far from its mark, there is a greater chance of testing support by the end of the day.
In a larger time frame, the main crypto prices are in yesterday’s candles.
If the bar falls below $113,000, traders could witness a test of support in the coming days.
From a medium-term perspective, BTC rates are roughly touching on the closest level of $112,000. If a breakout occurs, the accumulated energy could be sufficient for a continuous fix of under $110,000.
Bitcoin is trading at $113,489 at press time.
