According to CoinStats, the crypto market quickly turned red.
BTC/USD
Bitcoin rate (BTC) has fallen 0.78% since yesterday.
On the hourly chart, BTC is approaching local support at $95,753. If a breakout occurs, the decline could continue to the $95,000 zone tomorrow.
On longer time frames, traders need to focus on the nearest level at $94,652. Buyers control market conditions until the rate rises above that mark.
Additionally, volume remains high, meaning the price is more likely to rise further than fall.
The situation is similar from a medium-term perspective. If the weekly candlestick closes above the $94,652 mark, traders could test the $100,000 zone by the end of the month.
At the time of writing, Bitcoin is trading at $95,883.
