Most cryptocurrencies are currently experiencing positive momentum, though a few exceptions exist, as reported by CoinMarketCap.
The value of Bitcoin (BTC) has increased by 1.16% within the past 24 hours.
Examining the hourly chart reveals that BTC has surpassed a local resistance level at $90,858. Should buyers maintain control, the price is expected to climb further toward the $92,000 mark by tomorrow.
Looking at a broader timeframe, traders should keep an eye on the nearby resistance at $93,753. A successful breakout above this point could unleash enough momentum to propel Bitcoin’s price into the range between $96,000 and $100,000.
This potential upward trend remains relevant throughout this week’s trading sessions.
From a medium-term perspective, neither bulls nor bears hold clear dominance since BTC’s price remains distant from critical levels. Consequently, trading volume has diminished—indicating that sideways movement around current prices is likely to persist for now.
At present moment of writing, Bitcoin is valued at approximately $91,&486.