The bearish trend has not arrived on the market yet, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has risen by 1.18% over the last day.
On the hourly chart, the price of BTC is falling after a false breakout of the resistance of $96,883. If bears' pressure continues, one can expect a test of the support by tomorrow.
On the daily time frame, the rate of the main crypto is gathering energy for a further move. As it is far from key levels, traders are unlikely to see any sharp ups or downs.
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In this regard, one can expect sideways trading in the zone of $94,000-$97,000 until the end of the week.
From the midterm point of view, the volume has declined, which means BTC might need time to accumulate energy for a further move. Likewise, consolidation in the wide range of $92,000-$98,000 is the most likely scenario.
Bitcoin is trading at $96,011 at press time.
