Despite the pressure from sellers, some coins remain in the green zone today, according to Coinstats.
BTC/USD
Bitcoin (BTC) prices have fallen by 0.36% since yesterday.
On the hourly chart, BTC rates look bullish as prices try to test local resistance levels again. If that breaks out, the accumulated energy may be enough to test the $120,000 to $121,000 range.
In the daily time frame, the situation is less positive for buyers. The main crypto price is in the middle of a wide channel between $115,226 support and $123,236 resistance.
Continuing lateral trading in regions between $117,000 and $121,000 is the most likely scenario, as neither side controls.
From a medium-term perspective, the focus should be on bar closures at the $119,482 level. If it occurs near or beyond, growth could last at an all-time high.
Bitcoin is trading at $119,122 at press time.
