How long can Bitcoin bounce behind ($BTC )
According to CoinStats, most of the coins have returned to the Red Zone on the last day of the week
$BTC / USD
The price of Bitcoin (BTC) has increased by 1.3% during the last day
On hourly chart, the BTC rate is trying to fix above the local resistance of $118,500. If this happens, the move on to the top by tomorrow is likely to continue to mark $119,000
On the big-time frame, traders should pay attention to the $118,775 nearby levels
If bulls can hold the gained initiative, the energy might be enough for an ongoing upward move to the $120,000 range.
From the midterm point of view, the rate of the main coin is far from the key levels. However, if a breakout of the $123,236 resistance happens, one can expect a new all-time high shortly. Bitcoin is trading at $118,592 at press time.
