According to Coinstats, all the top 10 coins are rising on the first day of October.
BTC/USD
Bitcoin (BTC) percentage has risen 2.59% in the past day.
On the hourly chart, the price of BTC broke local resistance of $116,795. If that happens and the daily bar closes above that mark, you’re likely to see a test of the $117,500-118,000 zone soon.
For a long time frame, the focus should be on candle closure at the closest level point of $117,898.
If more occurs, the accumulated energy may be sufficient for ongoing upward movement into the $120,000 area.
From a medium-term perspective, the photo is neutral as the price of BTC is in the middle of the channel between the $107,281 support and the $123,218 resistance. As neither the Bulls nor the Bear have seized the initiative, accumulation stages ranging from $114,000 to $120,000 is the most likely scenario.
Bitcoin is trading at $117,171 at the time of press.
