According to CoinMarketCap, sellers are currently dominating buyers in the cryptocurrency market. The price of Bitcoin has remained relatively unchanged since yesterday, with the hourly chart showing it nearing the resistance level of $99,089. If sellers continue to exert pressure, it is expected that there will be a breakout followed by a move towards the $100,000 area. However, the bigger time frame paints a less positive picture, with not enough energy accumulated for an upward move. As a result, sideways trading between $97,000 and $100,000 is the more likely scenario. From a midterm perspective, Bitcoin's rate is currently in the middle of a wide channel, and if there are no significant changes by the end of the week, it is unlikely that there will be any sharp moves in the near future. At the time of writing, Bitcoin is trading at $98,300.



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