The crypto market was neutral over the weekend, according to CoinStats.
BTC/USD
Bitcoin (BTC) price has increased by 0.11% over the past day.
On the hourly chart, the BTC rate falsely broke through the local resistance at $88,500. If the daily closes far from that mark, we can expect an immediate correction to the $86,000 zone.
On longer time frames, it is too early to make long-term predictions, even though the daily chart may end bullishly. Volume remains low, confirming the lack of strength between the bulls and bears.
Overall, consolidation in the $87,000 to $90,000 range is the most likely scenario.
The situation is similar in the medium term. With neither side in the ascendancy, we expect the stock to trade sideways between $80,000 and $90,000 until the end of the month.
At the time of writing, Bitcoin is trading at $88,260.
