Bulls remain more powerful than bears, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has again reached a new all-time high, rising by more than 10% over the last day.
On the hourly chart, the price of BTC has made a false breakout of the local resistance of $89,909. If the rate keeps going down, one can expect a correction to the $87,000-$88,000 zone by tomorrow.
On the bigger time frame, the rate of the main crypto has also bounced off of yesterday's bar peak of $89,643. If the candle closes far from the psychological zone of $90,000, bears may seize the initiative, which may lead to a drop to the $82,000 area.
A more positive picture can be seen on the weekly chart. Here traders should focus on the candle's closure in terms of its peak.
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If it happens around the current prices and with no long wick, the upward move may continue to $100,000.
Bitcoin is trading at $89,130 at press time.
