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According to CoinStats, most coins remain in the red.
BTC/USD
Bitcoin (BTC) price is down 0.06% since yesterday.
On the hourly chart, Bitcoin (BTC) price is looking bearish as it is on its way to test the $25,829 support level. If nothing changes, traders are likely to see a rally to the $25,700 zone soon.
A similar situation can be observed in the daily time frame. For now, focus on yesterday’s low at $25,807.
If the candle closes without a long wick, the accumulated energy could soon be enough for another drop to the $25,000-$25,500 range.
From a medium-term perspective, it is still too early to make any predictions as the benchmark is far from being reached. However, if the decline sustains into the $25,000 zone, there are high chances that a test of the $24,756 support level is expected in the next few days.
At press time, Bitcoin is trading at $25,843.
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