According to Coinstats, the bear remains stronger than today’s bulls.
BTC/USD
Bitcoin (BTC) prices have fallen 2.63% since yesterday.
On the hourly chart, the rate of BTC failed to reach a local resistance of $105,757. At this time, prices are heading towards the center of the channel.
Most of my daily ATRs have passed, so it’s unlikely that I’ll see sharp movements by tomorrow.
From a medium-term perspective, the photos look similar. Neither side has control and is making sure there is no strength in buyers or sellers. In this case, horizontal trading in the $104,000-$106,000 is the most likely scenario.
From a medium-term perspective, we should focus on weekly bar closures. If generated near a $100,764 support, the accumulated energy may be sufficient to dump up to the important $100,000 mark.
Bitcoin is trading at $104,344 at press time.
