u.today
A further decline remains the most likely scenario for most of the coins, according to CoinStats.
$BTC/USD
The rate of Bitcoin ($BTC) has dropped by 4.62% since yesterday.
On the hourly chart, the price of $BTC is falling after breaking the local support at $74,141. If the daily bar closes far from that mark, traders may expect a test of the $73,000 zone shortly.
On the longer time frame, sellers are also controlling the situation on the market. If a breakout of the $72,863 level happens, the decline is likely to continue to the $70,000 area until the end of the week.
From the midterm point of view, traders should focus on the weekly bar's closure in terms of the $74,434 level.
If it happens far from it, one can expect a bounce back to the $80,000 range.
Bitcoin is trading at $74,251 at press time.