u.today
The market is mainly green at the end of the week, according to CoinStats.
$BTC/USD
The price of Bitcoin ($BTC) has gone up by 0.52% over the last 24 hours.
On the hourly chart, the rate of $BTC might have set a local support of $109,731. If the daily bar closes far from that level, one can expect a test of the resistance over the weekend.
On the longer time frame, the price of the main crypto is in the middle of the channel, between the support of $106,137 and the resistance of $115,854.
The volume is low, which means neither bulls nor bears are ready to seize the initiative.
From the midterm point of view, the situation is similar. The rate of $BTC is far from key levels, confirming the absence of energy on the part of buyers and sellers. All in all, sideways trading in the range of $105,000-$115,000 is the most likely scenario.
Bitcoin is trading at $110,521 at press time.