The weekend has started with the rise of all top 10 coins, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has risen by 5.29% over the last day.
Despite today’s growth, the price of BTC is returning to the local support of $83,804. If a breakout happens, the correction is likely to continue to the $83,000 zone.
On the bigger time frame, the daily bar is looking bearish.
If buyers cannot seize the initiative and the candle closes with a long wick, traders may witness a test of the support level of $82,133 shortly.
From the midterm point of view, one should focus on the weekly bar closure in terms of the $89,392 level. If it happens far from it, the drop is likely to continue to the $80,000 range.
Bitcoin is trading at $84,548 at press time.
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