According to CoinMarketCap, buyers are currently more dominant than sellers at the beginning of the weekend. The price of Bitcoin has increased by 0.49% in the last 24 hours. Currently, Bitcoin is trading within a local channel with support at $76,230 and resistance at $76,666 on the hourly chart. Because neither buyers nor sellers are dominating, it is expected that the price will continue to trade sideways around the current levels for the rest of the day. In the bigger picture, attention should be paid to the nearest level of $76,900, as continued buyer pressure could lead to a breakout and a test of a new all-time high. There are no signs of a correction yet in the midterm, and if the weekly bar closes above the $73,881 level without a long wick, the price may continue to rise towards the $80,000 mark. At the time of writing, Bitcoin is trading at $76,522.



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