u.today
Saturday has started bullish for most coins, however, there are some exceptions, according to CoinStats.
$BTC/USD
The rate of Bitcoin ($BTC) has almost not changed since yesterday.
On the hourly chart, the price of $BTC is bearish as it is closer to the local support level of $60,247. If the daily bar closes around it, the fall may continue to the $60,000 area by tomorrow.
On the bigger time frame, one should focus on the level of $62,154. If bulls can seize the initiative and bring the rate back to this mark, the accumulated energy might be enough for a blast to the $64,000 zone next week.
From the midterm point of view, the price of $BTC is in the middle of the wide channel between the support of $53,120 and the resistance of $73,949.
As neither side is dominating, ongoing sideways trading in the range of $58,000-$64,000 is the more likely scenario until the end of the month.
Bitcoin is trading at $60,531 at press time.