Most of the coins are in the green zone at the beginning of the weekend, but according to Coinstats there are a few exceptions.
BTC/USD
Bitcoin (BTC) prices have risen 0.26% over the past 24 hours.
On the hourly chart, BTC speeds are bounced back from $107,535 in resistance. However, if the daily bar closes nearer than resistance, you could potentially test the $108,000 zone by tomorrow.
In a larger time frame, the prices for the main cryptos are in yesterday’s bar. That means neither the bull nor the bear have acquired enough energy to grab the initiative.
In this case, the scenario is likely to involve a sideways trading in a narrow range of $107,000 to $108,000.
The weekly chart should focus on weekly bar closures regarding previous candle highs. If it occurs above $109,000, traders may expect a test of $112,000 resistance the following week.
Bitcoin is trading at $107,391 at the time of press.
