According to Coinmarketcap, sellers are weaker than today’s buyers.
BTC/USD
Bitcoin (BTC) percentage rose 3.72% on the last day.
On the hourly chart, the price of BTC made the recently formed erroneous breakout of $84,325 resistance. However, if buyer pressure continues, you can expect an explosion into the $85,000 area.
In the larger time frame, neither side has seized the initiative. This is also confirmed by low volumes.
The Bulls may only start thinking about a medium-term rise if they recover to a rate above the closest resistance of $85,270.
From a medium term perspective, we should focus on weekly bar closures in terms of previous candle closures. If you experience more than $85,000, you may see a continuous upward movement into the $88,000-$90,000 area.
Bitcoin is trading at $84,089 at press time.
