According to Coinmarketcap, the last day of the week turned out to be bearish for most of the coins.
BTC/USD
Bitcoin (BTC) is the exception, rising 0.15% from yesterday. Last week, it fell 2.82%.
On the hourly chart, BTC rates are rising after setting local support at $103,832. As growth continues, we can expect to test resistance by tomorrow.
In a larger time frame, the prices for the main cryptos are in yesterday’s bar.
The low volume means traders are unlikely to witness sharp moves on the first day of June.
From a medium-term perspective, sellers are about to seize the initiative. The BTC rate is far from current prices, so we need to focus on the interim level of $102,126. If a breakout occurs, a fall could quickly lead to testing the $100,000 zone.
Bitcoin is trading at $104,291 at the time of press.