According to CoinStats, the bears took control on the last day of the week.
BTC/USD
The Bitcoin (BTC) rate has fallen by 0.56% since yesterday.
On the hourly chart, BTC price is testing the local support at $88,073. If the price breaks above this, there is a high possibility that the correction will continue to the $87,500 zone tomorrow.
On longer time frames, neither side is dominant as the main cryptocurrency rate is far away from the main level. Volume remains low, confirming the lack of strength between the bulls and bears.
Overall, consolidation around current prices is the most likely scenario.
The situation is similar in the medium term. Neither buyers nor sellers have the energy to make sudden moves. In this regard, traders should not expect increased volatility in the near future.
At the time of writing, Bitcoin is trading at $87,986.
