Bulls are controlling the situation on the market today, according to CoinStats.
BTC chart by CoinStatsBTC/USD
The price of Bitcoin (BTC) has increased by 2.57% over the last 24 hours.
Image by TradingView
On the hourly chart, the rate of BTC is trying to fix above the zone of $69,000. If buyers can hold the gained initiative and the candle closes with no long wick, the upward move may continue to the $70,000 mark.
Image by TradingView
On the bigger time frame, the price of the main crypto remains bullish while it is above the $68,433 level.
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If the situation does not change, traders may see ongoing growth to the $70,000-$71,000 range.
Image by TradingView
From the midterm point of view, the rate is on the way to test the resistance level of $73,794, which is the all-time high. If the weekly bar closes around the current prices, there is a possibility of a continued rise.
Bitcoin is trading at $68,938 at press time.
