According to Coinstats, the Bulls are back in the game.
BTC/USD
Bitcoin (BTC) prices rose 2.14% on the last day.
On the hourly chart, it is possible that the BTC rate was set to a local resistance of $118,270. With most of my daily ATRs passed, it’s unlikely that any sharp movements will occur by tomorrow.
In the larger time frame, neither buyers nor sellers dominate. The volume remains low and ensure there is no energy for bulls or bears.
In this case, the trader may expect sideways trading in the range of $116,000-$120,000 the following day.
From a medium-term perspective, the price of the main crypto again bounced back from the $119,482 resistance. If the weekly candles close far from it, the Bears could be back in the game, which could lead to a $115,000 test.
Bitcoin is trading at $117,954 at the time of press.
