According to CoinStats, the market continued to rise over the weekend.
BTC/USD
Bitcoin (BTC) price increased by 0.72% in the past 24 hours.
On the hourly chart, the BTC rate once again bounced off the local support at $122,869. If the daily chart closes far from that mark, we can expect growth into the $123,500 range.
Looking at the larger time frame, the price of the leading cryptocurrency accidentally broke through the resistance at $124,517.
If buyers fail to take control, sellers may be back in the game and test the $121,000 area.
From a medium-term perspective, we should keep an eye on the $124,517 bar close. If the weekly candlestick closes above that mark, traders could witness further growth to a new all-time high.
At the time of writing, Bitcoin is trading at $122,982.
