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BTC/USD
The rate of Bitcoin (BTC) has gone up by 1.81% over the last 24 hours.
On the hourly chart, the price of BTC is near the local resistance of $92,159. If it breaks out, growth may lead to a test of the $93,000 mark shortly.
On the longer time frame, one should focus on the bar's closure in terms of the $91,909 level. If bulls can hold the gained initiative and keep the rate above that mark, the accumulated energy might be enough for a move to a potential all-time high.
From the midterm point of view, the price of BTC keeps rising after the bullish candle's closure.
As there are no reversal signals yet, traders may expect a test of $94,000 by the end of the week.
Bitcoin is trading at $92,173 at press time.
This content was originally published on U.Today
