According to CoinStats, most cryptocurrencies are experiencing an upward trend today.
BTC/USD
The value of Bitcoin (BTC) has increased by nearly 1% compared to yesterday’s figures.
Looking at the hourly chart, BTC’s price is currently distanced from significant support and resistance levels. With neither buyers nor sellers in control, the likelihood of drastic price movements before tomorrow appears minimal.
On a larger time frame, Bitcoin’s price is approaching a resistance level at $90,640. If a breakout occurs here, it could generate enough momentum for further increases into the $92,000-$93,000 range within the next week.
From a mid-term perspective, BTC continues to build up energy as trading volumes remain low. This suggests that sideways movement may dominate until mid-January.
As of now, Bitcoin is priced at $90,008.