According to Coinstats, the bulls were unable to keep the market green at the beginning of the weekend.
BTC/USD
Bitcoin (BTC) prices have fallen almost 2% since yesterday.
Despite today’s decline, the percentage of major ciphers looks bullish on hourly charts. If local resistance breakout occurs, growth can last up to an area of $105,000.
From a medium-term perspective, the photos are less clear.
The volume remains low. This means that traders are unlikely to witness sharp moves from BTC in the next few days.
From a medium-term perspective, prices are moving towards support of $100,764. If the Bulls lose that mark, the energy accumulated may be enough to quickly test the $98,000-100,000 range.
Bitcoin is trading at $103,940 at press time.