According to CoinStats, the crypto market remained bullish over the weekend.
BTC/USD
Bitcoin (BTC) price increased by 1.26% from the previous day.
On the hourly chart, BTC rate is bullish as it attempts to break out of the local resistance at $120,577. If this happens, the rally could continue into the $121,000 region by tomorrow.
On the longer timeframe, the main coin price remains bullish until it crosses the $117,622 mark.
With no reversal signal yet, traders are likely to witness a test of the $123,236 resistance level in the coming days.
From a medium-term perspective, the BTC rate is approaching the resistance level at $123,236. If the pressure from the bulls continues, we can expect a breakout of the level and subsequent growth to all-time highs.
At the time of writing, Bitcoin is trading at $120,401.
