u.today
Bears are trying to come back to the game at the end of the day, according to CoinStats.
$BTC/USD
Bitcoin ($BTC) is one of the biggest gainers today, rising by 2.43%.
On the hourly chart, the rate of $BTC is near the local resistance of $111,436. If buyers can hold the gained initiative, one can expect a level breakout, followed by a further upward move to the $112,000 mark.
On the longer time frame, the price of the main crypto is rising after a breakout of the resistance of $109,261.
However, the volume remains low, which means bulls might need more time to accumulate energy for a further move. In this case, sideways trading in the range of $110,000-$114,000 is the most likely scenario.
From the midterm point of view, the situation is similar as the rate of $BTC is far from main levels. In this regard, traders are unlikely to witness sharp moves until the end of the month.
Bitcoin is trading at $111,201 at press time.