BTC might carry over to the $109,000

On the hourly chart, the Bitcoin rate is on the verge of breaking through the local resistance. Should it occur and the daily bar closes over that threshold, the increase might carry over to the $109,000 region tomorrow.

The rising surge could result in a test of the $110,000 range by the end of the week if bulls can maintain the initiative they have established.

The rate is increasing from a mid-term perspective following a fictitious breach of the $100,764 support level. The price is still far from important levels, though, so purchasers may need more time to build up the necessary energy for another significant advance.

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