According to CoinMarketCap, most cryptocurrencies are in the red zone over the weekend.
BTC/USD
Bitcoin (BTC) percentage remains the same since yesterday and the past week.
On the hourly chart, the main crypto price approaches local support at $117,888. If a breakout occurs, the accumulated energy may be enough to test the $117,500 range immediately.
In the larger time frame, neither side dominates because BTC rates are far from important levels.
In this case, continuous lateral trading in regions ranging from $116,000 to $119,000 is likely to be a scenario in the coming days.
From a medium-term perspective, traders should pay attention to weekly candle closures in terms of the $119,482 level. If it occurs far from that mark, it could drop to the $112,000 mark.
Bitcoin is trading at $118,184 at the time of press.
