The weekend has started positively for most of the top 10 coins, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has risen by 0.71% over the last 24 hours.
On the hourly chart, the rate of BTC is breaking the local support of $90,900. If the daily bar closes below this level or near it, the drop may continue to the $90,000 range tomorrow.
On the bigger time frame, the price of the main crypto has once again bounced off the resistance of $91,846. If sellers’ pressure continues, there is a possibility of a correction to the $89,000-$90,000 range soon.
A better picture is on the weekly chart. At the moment, there are no reversal signals yet.
If the candle closes near its peak, traders may witness a test of a new all-time high shortly.
Bitcoin is trading at $91,011 at press time.
