According to CoinStats, sellers are taking charge as the weekend begins.
BTC/USD
In the past 24 hours, Bitcoin (BTC) has seen a slight increase of 0.26% in its value.
The hourly chart indicates that BTC is currently trading within a local channel, with support at $90,286 and resistance at $90,690. With neither buyers nor sellers showing dominance, significant price movements are unlikely before tomorrow.
On a broader time frame analysis, Bitcoin’s price remains within the previous daily range, suggesting that both bulls and bears have yet to take control of the market.
This leads us to anticipate sideways trading between $90,000 and $92,000 until week’s end.
From a mid-term perspective, conditions appear similar. For buyers to regain momentum in this market phase, they must push BTC above the resistance level of $94,652. Achieving this could provide enough momentum for an attempt at reaching the $100,000 mark.
As of now, Bitcoin is priced at $90,503.