According to CoinStats, buyers are looking to take control on Saturday.
BTC/USD
The Bitcoin (BTC) rate has increased by 1.11% since yesterday.
On the hourly chart, BTC price is far away from support and resistance levels. Volume is low, which means traders are unlikely to witness an increase in volatility by tomorrow.
On larger time frames, there are no reversal signals for now. In this regard, we should pay attention to yesterday’s low of $103,530.
If the bulls lose it, the decline could continue into the $100,000 region.
From a medium-term perspective, sellers are more powerful than buyers. If a breakout of the $100,426 support occurs, the accumulated energy could be enough to move into the $95,000 zone.
At the time of writing, Bitcoin is trading at $106,909.
