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The market remains bullish despite sellers' pressure, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by 3.36% over the last day.
On the hourly chart, the rate of the main crypto keeps growing after the breakout of the resistance level. If the daily bar closes near $98,000 or above, growth is likely to continue to the $99,000 range.
On the bigger time frame, one should focus on the level of $99,121. If the price reaches that mark, there is a possibility of seeing a resistance breakout, followed by a move to the $100,000 area.
From the midterm point of view, the price of BTC is on its way to testing the $99,800 level.
If growth continues to that mark until the end of the week, traders may witness a new all-time high soon.
Bitcoin is trading at $98,018 at press time.