u.today
Bulls are not giving up as all the top 10 coins are in the green zone.
$BTC/USD
The rate of Bitcoin ($BTC) has almost not changed since yesterday, going up by 0.06%.
$BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/1be/1befbc88f26a5b3c68af25a03c1c5acc39a554b9.png" size="2698x1254">
On the hourly chart, the price of Bitcoin ($BTC) has broken the local resistance at $23,460. If buyers can hold the gained initiative, growth may continue to the $23,700-$23,800 zone until the end of the day, as enough energy has been accumulated for such a move.
$BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/3c2/3c28f58815464272c845369de6a664b82e4ad119.png" size="2698x1254">
On the bigger time frame, the price keeps trading in the wide channel as neither side has accumulated enough power for a further sharp move.
However, if the rate returns to the $24,000 zone, the growth may lead to a test of the resistance at $25,212 soon.
$BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/013/013d650e1244855532355df074f55052c68c504d.png" size="2698x1254">
From the midterm point of view, the rate has made a false breakout of the $23,954 mark, which means that buyers might have found some obstacles on the way. In this case, the more likely scenario is sideways trading in the range of $23,000-$24,000 for the next week.
Bitcoin is trading at $23,515 at press time.