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According to CoinMarketCap, the weekend started bullish for most coins.
Top coins from CoinMarketCap
BTC/USD
The price of Bitcoin (BTC) has increased by 2.33% in the last 24 hours.
Image from TradingView
On the hourly chart, BTC price also looks bullish as it attempts to break the local resistance level of $64,887. In this case, growth could continue into the $66,000 area.
Image from TradingView
A less positive picture emerges for the daily time frame. Today's slight increase has no impact on the overall technical situation. The falling volume confirms that neither bulls nor bears are ready for a strong move.
In this case, sideways trading in the $63,000-$67,000 range is the more likely scenario for the next few days.
Image from TradingView
From a medium-term perspective, one should pay attention to the bar close in relation to the previous candlestick low. If the price falls below this level, the decline could soon lead to a test of the $60,000 zone.
At press time, Bitcoin is trading at $64,612.
About the author
Denys Serhiichuk
With over five years of trading experience, Denys has extensive knowledge of both technical and fundamental market analysis. Mainly, he started his blog on TradingView where he publishes all relevant information and makes predictions about top coins.
His experience is backed by working in top blockchain-related companies such as W12, Platinum Listing, ATB Coin and others. They can be contacted at [email protected].
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
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