According to Coinmarketcap, the Bears seized the initiative today.
BTC/USD
Bitcoin (BTC) prices have fallen 2.24% over the past 24 hours.
On the hourly chart, BTC rates are about to break local resistance of $84,091. If that happens, the upward movement could soon last up to the $85,000 area.
In a larger time frame, ongoing horizontal trading remains the most likely scenario. Such statements are confirmed by reduced volume. That means there is no aspect that you are not ready for sharp movements.
In this case, traders are unlikely to see sharp movements immediately.
From a medium-term perspective, we should focus on the nearest level of $87,500. The fix remains the most likely scenario until a breakout occurs.
Bitcoin is trading at $83,832 at the time of press.
