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Buyers still hold initiatives at the end of the week, according to Coin Statistics.
BTC/USD
Bitcoin (BTC) price has increased by 2% since yesterday.
Despite today’s rise, the BTC rate still looks bullish on the hourly chart. If the candle closes near the $65,781 level or higher, growth may continue to the $66,000 zone.
On larger timeframes, traders should focus on the close of the bar in relation to yesterday’s peak. If it goes beyond that, traders may witness a correction to the $65,000 range by the end of the week.
On the weekly chart, the BTC value is in the middle of a wide channel.
Related
If the candle closes around the current price, sideways trading in the $65,000-$70,000 zone is the most likely scenario.
Bitcoin was trading at $65,781 at press time.
