Buyers keep holding the initiative at the end of the week, according to CoinStats.
BTC chart by CoinStatsBTC/USD
The price of Bitcoin (BTC) has increased by 2% since yesterday.
Image by TradingView
Despite today's rise, the rate of BTC keeps looking bullish on the hourly chart. If the candle closes near the $65,781 level or above, growth may continue to the $66,000 zone.
Image by TradingView
On the bigger time frame, traders should focus on the bar's closure in terms of yesterday's peak. If it happens far from it, traders may witness a correction to the $65,000 range on the weekend.
Image by TradingView
On the weekly chart, the rate of BTC is in the middle of the wide channel.
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If the candle closes around current prices, sideways trading in the zone of $65,000-$70,000 is the most likely scenario.
Bitcoin is trading at $65,781 at press time.
