According to Coinmarketcap, bears are stronger than bulls on the first day of the week.
BTC/USD
Bitcoin (BTC) prices have fallen 1.25% in the last 24 hours.
On the hourly chart, BTC rates look bearish. Prices are back to local support of $93,750. If a breakout occurs, the decline could last up to the $93,000 area.
In a larger time frame, the prices of major cryptos are far from critical levels. Therefore, due to the low volume, neither buyers nor sellers are ready to grab the initiative. If things don’t change by tomorrow, horizontal trading is the most likely scenario in the $93,000-95,000 range.
From a medium-term perspective, the photographs are neutral. With the week just beginning, it’s too early to make a far-off prediction. The Bulls may only start thinking about medium-term growth if a $100,000 zone breakout occurs.
Bitcoin is trading at $94,161 at the time of press.
