According to CoinStats, most of the coins are under the control of the seller.
BTC/USD
The Bitcoin (BTC) rate has fallen by 3.63% in the past day.
On the hourly chart, BTC price is near the local support at $87,010. If the daily chart closes below that mark, traders may expect a sustained decline to the $86,000 area soon.
Looking at the larger time frame, the rates of major cryptocurrencies are far from their major levels.
With no side in favor, the most likely scenario is for the stock to trade sideways in the $86,000 to $89,000 range.
The situation is similar in the medium term. Volume continues to decline, meaning that we are unlikely to expect any sharp moves in the near future. Overall, traders are likely to witness consolidation in the $84,000-$90,000 zone until the end of this month.
At the time of writing, Bitcoin is trading at $87,170.
