The cryptocurrency market is mainly trading sideways today.
![](https://cnews24.ru/uploads/16b/16b5dc4e9bb18af566d700f126aea791cb0371d2.png)
BTC/USD
Unlike other coins, the rate of Bitcoin (BTC) has risen by 0.51%.
![](https://cnews24.ru/uploads/bd5/bd5b48bd14f844e9f74d5c0e8eb0da9bdd1619fd.png)
On the hourly chart, one should pay attention to the resistance level of $37,272. If its breakout happens, the price blast may lead to the test of the $37,500 zone soon.
![](https://cnews24.ru/uploads/ed0/ed0f1cf316c14e850aa7ba3f5d95d93d0c45591e.png)
On the daily time frame, the price of BTC needs more time to accumulate energy for a further move. The falling volume confirms such a statement.
In this regard, consolidation in the narrow range of $37,000-$37,500 is the more likely scenario until the end of the week.
![](https://cnews24.ru/uploads/d25/d258e4daf1a736fdc26df48e81fa652dc49cf747.png)
On the weekly time frame, a further midterm rise is possible only if the rate gets back to the $38,000 zone and fixes above it. If that happens, there is a possibility to see a test of the vital zone of $40,000.
Bitcoin is trading at $37,248 at press time.