U.Today - The prices of the top 10 coins remain in the red zone, according to CoinStats.
BTC chart by CoinStats
BTC/USD
The rate of Bitcoin (BTC) has declined by 1.93% over the past 24 hours.
On the hourly chart, the price of BTC is rising after a false breakout of the local support level of $60,703. If the daily candle closes near resistance, the upward move is likely to continue to the $62,400 range.
On the bigger time frame, it is too early to think about a fast reversal. Meanwhile, one should pay attention to the crucial zone of $60,000.
If it breaks out, the accumulated energy might be enough for a test of the $59,000 mark soon.
From the midterm point of view, the rate of the main crypto is far from key levels. In this case, there are low chances to expect any sharp moves soon. Such a statement is also confirmed by the falling volume.
Bitcoin is trading at $61,222 at press time.
This content was originally published on U.Today
