According to CoinStats, the market is mainly up on the first day of the weekend.
BTC/USD
Bitcoin (BTC) price increased by 0.68% in the past 24 hours.
On the hourly chart, the BTC rate has set a regional resistance at $87,702. However, if the daily chart closes around that mark, traders could soon see further growth towards the $88,000 zone.
In the larger time frame, neither side has accumulated enough energy to seize the initiative.
In this case, consolidation in a narrow range of $87,000 to $89,000 is the more likely scenario.
The situation is similar from a medium-term perspective. The prices of the major cryptocurrencies are in the middle of the channel, meaning traders are unlikely to see any increase in volatility until the end of the month.
At the time of writing, Bitcoin is trading at $87,532.
