Despite a grim beginning for most cryptocurrencies today, buyers are making efforts to take control, as reported by CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 1.05% over the last 24 hours.
Every hour on the chart, Bitcoin’s price has surpassed its previous resistance of $63,095. Should the daily bar finish above this level before the day ends, the upward trend could potentially reach $64,000.
After a deceptive drop below the $60,365 mark, the cost of Bitcoin has started climbing again. If the upcoming candle finishes significantly away from this price point, it could signal a short-term surge toward the $66,000 to $68,000 range for traders.
Such a scenario is relevant until the end of the week.
Looking at midterm trends, the leading crypto’s price has nearly reached $59,313. Currently, the price is some distance away from both support and resistance levels. Consequently, significant price fluctuations may not occur in the near future. Instead, expect sideways trading between $62,000 and $66,000.
Bitcoin is trading at $63,983 at press time.
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2024-04-18 19:01