According to Coinstats, the market is primarily green.
BTC/USD
Bitcoin (BTC) percentage rose 3.42% over the past 24 hours.
On the hourly chart, BTC prices were blown up after a breakout level of $113,472. Most of the daily ATRs have passed, so it is less likely that volatility will increase by tomorrow.
In the long time frame, the main cipher speed has risen after bounces from a support level of $111,919. However, Bitcoin (BTC) may require more time to accumulate energy for continuous growth.
In this case, horizontal trading in regions between $115,000 and $118,000 is the most likely scenario.
From a medium-term perspective, BTC price has misplaced its $111,919 support. In this case, you should focus on weekly candle closures. If it occurs far from that mark, the Bulls could once again seize the initiative, leading to testing the $120,000 mark.
Bitcoin is trading at $116,750 at press time.
