According to Coinstats, some coins are rising today, while others are in the red zone.
BTC/USD
Bitcoin (BTC) prices fell 1.23% on the last day.
On the hourly chart, BTC speeds are about to break the local resistance of $108,663. Once that happens and the daily bar closes above that mark, the upward movement can last up to the $110,000 zone.
In the daily time frame, major crypto prices accidentally broke out yesterday’s bar. Even if today’s candles are far from their mark, buyers may need more time to accumulate energy for further movement.
In this case, a more likely scenario is to trade sideways in the $108,000 to $111,000 range.
From a medium-term perspective, BTC speeds have been declining after previous bullish bar closures. There is no inverted signal yet, so traders may immediately look at the support level test.
Bitcoin is trading at $108,659 at press time.
