U.Today - Most of the coins remain in the green zone, however, there are some exceptions to the rule, according to CoinMarketCap.
Top coins by CoinMarketCap
BTC/USD
The price of Bitcoin (BTC) has gone up by 0.11% over the past day.
On the hourly chart, the rate of BTC is coming back to the local support of $57,751. If the daily bar closes around it, one can expect a level breakout, followed by a move to the $57,000 area.
On the bigger time frame, traders should pay attention to the nearest level of $58,518. If the candle closes far from it, there are low chances to see a resistance breakout shortly, as not enough energy has been accumulated yet.
From the midterm point of view, bulls are trying to withstand sellers' pressure. However, it the weekly bar closes near $60,000, traders are unlikely to witness a further upward move.
In this case, sideways trading in the zone of $56,000-$60,000 is the more likely scenario.
Bitcoin is trading at $57,763 at press time.
This content was originally published on U.Today
