According to CoinStats, most coin rates continue to rise on the last day of the week.
BTC/USD
Bitcoin (BTC) price increased by 1.34% in the past 24 hours.
On the hourly chart, the BTC rate broke through the local resistance level at $108,234. If the daily chart closes above that mark, the rally could continue into the $109,000 range.
Looking at the larger time frame, prices of major cryptocurrencies are rising after yesterday's bullish close. However, since trading volumes are low, it may take more time for the bulls to gain the strength to take sustained action.
In this regard, a narrow consolidation between $108,000 and $110,000 is the more likely scenario.
From a medium-term perspective, the situation is not very positive for buyers. If the week closes near the lows, there is a high chance that it will test the support at $100,426 by the end of the month.
At the time of writing, Bitcoin is trading at $108,455.
