According to Coinstats, there is no one-way trend in the market today.
BTC/USD
The Bitcoin (BTC) ratio has fallen by 0.31% since yesterday.
On the hourly chart, BTC prices have risen after a false breakout of local support of $103,757.
As growth continues, we can expect a $105,972 resistance test soon.
In a larger time frame, the Bulls were unable to continue their rise after yesterday’s bullish closure. If the bar is closed near support, traders could witness a breakout and then move to the $103,000 range.
From a medium-term perspective, it is too early to make far-reaching predictions. If the weekly candles are approaching less than $104,000, the seller may seize the initiative and then continually reject the $100,000 zone.
Bitcoin is trading at $104,391 at the time of press.
