According to CoinStats, the weekend market is primarily green.
BTC/USD
Bitcoin (BTC) price increased by 0.52% in the past 24 hours.
On the hourly chart, the BTC rate may have set a local support at $109,731. If the daily chart closes far away from that level, we can expect a test of resistance over the weekend.
On a longer time frame, the price of the leading cryptocurrency is in the middle of a channel between support at $106,137 and resistance at $115,854.
Low volume means that neither the bulls nor the bears are ready to take the lead.
The situation is similar in the medium term. BTC rates are far away from key levels, confirming the lack of energy on the side of buyers and sellers. Overall, the most likely scenario is for the stock to trade sideways in the $105,000 to $115,000 range.
At the time of writing, Bitcoin is trading at $110,521.
