According to CoinStats, the prices of most coins are rising again.
BTC/USD
The Bitcoin (BTC) rate increased by 0.4% from the previous day.
On the hourly chart, BTC price is near the local support at $111,880. If a breakout occurs, the decline could continue to the $111,000 range by tomorrow.
Looking at the longer time frame, the major cryptocurrency’s rate is falling after accidentally breaching the $115,854 resistance. There is no signal of reversal yet, so a continued decline is the more likely scenario.
Even from a medium-term perspective, the situation is bearish. In this case, traders should focus on the nearest level at $107,389.
If a breakout occurs, the accumulated energy could be enough to reach the $105,000 mark.
At the time of writing, Bitcoin is trading at $111,895.
