According to CoinStats, almost all of the top 10 coins are currently in the red zone.
BTC/USD
Bitcoin (BTC) price has fallen by 0.21% in the past 24 hours.
On the hourly chart, the BTC rate remains under seller pressure as it is close to the local support at $87,576. Barring a rebound, the decline could continue into the $87,000 zone next week.
On larger time frames, neither the bulls nor the bears have the upper hand as the prices of the leading cryptocurrencies are far away from their key levels.
Volume is relatively low, confirming the lack of energy among buyers and sellers. Overall, traders are unlikely to witness any sharp moves anytime soon.
A similar situation can be seen on the weekly chart. BTC rate continues to accumulate power for further moves. Overall, the most likely scenario is for the price to consolidate within a narrow range of $85,000 to $95,000 until the end of this month.
At the time of writing, Bitcoin is trading at $87,844.
