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Cryptocurrencies need time to accumulate more energy for a further move, according to CoinStats.
The price of Bitcoin (BTC) is almost unchanged since yesterday, according to CoinStats.
On the hourly chart, the rate of BTC is rising after a false breakout of the local support level of $51,510.
If buyers hold the initiative and keep the price above $52,000 until the end of the day, there is a possibility to see a resistance breakout tomorrow.
On the daily time frame, the situation is also bullish. The rate of has come back to the $52.393 level. If the bar closes near it, one can expect an upward move to the $53,000 zone until the end of the week.
On the weekly chart, the price is on its way to testing the previous candle peak of $52,884. If the growth continues, there is a possibility to see a test of the $54,000-$55,000 area soon.
Bitcoin is trading at $52,287 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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