Most coins will continue to trade in the green zone. However, there are some exceptions to this rule, according to CoinMarketCap.
BTC/USD
Bitcoin (BTC) rate increased by 1.16% in the past 24 hours.
On the hourly chart, BTC price broke through the local resistance at $90,858. If the bulls can take control, the rally is likely to continue to the $92,000 zone by tomorrow.
On longer time frames, traders should focus on the nearest level at $93,753. If that breakout occurs, the stored energy could be enough to send the price soaring to the $96,000 to $100,000 range.
Such a scenario will be relevant throughout this week.
From a medium-term perspective, neither side has the upper hand as the BTC rate is far from any significant level. Therefore, volume is decreasing, meaning that the most likely scenario is for the stock to continue trading sideways around the current price.
At the time of writing, Bitcoin is trading at $91,486.
