Saturday began with some coin corrections, according to Coinstats.
BTC/USD
The Bitcoin (BTC) ratio has fallen by 0.4% since yesterday.
On the hourly chart, BTC prices have risen after a false breakout of local support of $117,394. As growth continues, we can expect to test resistance by tomorrow.
In a larger time frame, the photos are less bullish. The main cipher speed is close to the support level, which is a bearish signal.
If a breakout of the $117,201 mark occurs, the accumulated energy may be sufficient to drop to the $115,000-116,000 range.
From a medium-term perspective, the price of BTC has resulted in a false breakout of $123,236. If the weekly bar is far from its mark, the Bears could seize the initiative, which could lead to a continuous revision to the $112,000 area.
Bitcoin is trading at $117,837 at the time of press.
