According to CoinStats, almost all of the top 10 coins are currently in the red zone.
BTC/USD
Bitcoin (BTC) price has fallen by almost 1% in the past 24 hours.
On the hourly chart, the BTC rate is far away from support and resistance levels. Neither team is in the ascendancy, so it’s unlikely we’ll see any sharp moves before tomorrow.
Over a larger time frame, sellers are more powerful than buyers. If a pullback does not occur, traders could see a further decline to the $92,000-$93,000 zone following the level’s breakout.
Such a scenario will be relevant in the coming days.
From a medium-term perspective, buyers are not yet ready to take control. In this regard, a correction to the next support at $88,772 could occur before the end of the month.
At the time of writing, Bitcoin is trading at $95,359.
