According to Coinstats, the market is trying to stay bullish despite some coins being in the red zone.
BTC/USD
Bitcoin (BTC) percentage rose 0.41% in the past day.
On the hourly chart, the price of Bitcoin (BTC) is in the middle of the local channel, between $114,990 in support and $115,977 in resistance. As neither side has control, it is unlikely that they will see sharp movements until tomorrow.
In the long time frame, the photos look similar. Chief cipher rates are far from critical levels, so neither buyers nor sellers are ready to grab the initiative.
Overall, horizontal trading is the most likely scenario in a narrow range of $115,000 to $116,000.
From a medium-term perspective, it is too early to make long-term forecasts. The situation is neutral as the price is in the middle of the wide channel. In this regard, current price integration is the most likely scenario.
Bitcoin is trading at $115,461 at the time of press.
