According to CoinStats, the rate of Bitcoin has fallen by 0.64% since yesterday. On the hourly chart, the price of BTC is rising after a false breakout of the local support. If the daily bar closes far from that mark, there is a chance of a test of the resistance level by tomorrow. On the bigger time frame, neither bulls nor bears are dominating, and ongoing consolidation around the current prices is the more likely scenario. From the midterm point of view, the price of BTC has made a false breakout of the resistance. If the weekly bar closes with a long wick, bears may be back in the game, potentially leading to a drop to the $100,000 area. As of now, Bitcoin is trading at $104,930.



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