According to Coinstats, the market may have entered the revision phase.
BTC/USD
The price of Bitcoin (BTC) has almost remained the same since yesterday.
On the hourly chart, BTC rates return to local support at $117,465. If the Bulls are unable to seize the initiative, they can expect to test the $117,000 mark by tomorrow.
In a long time frame, the situation is much more bearish than bullish.
If the candle is closed near the bar, the accumulated energy may be sufficient to test the $115,226 support level.
From a medium-term perspective, BTC’s rate once again bounced back from the $119,482 resistance. If the bar is far from its mark, you can expect a drop to the nearest level of $112,000.
Bitcoin is trading at $118,360 at the time of press.
