The rates of all of the top 10 coins are going up today, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has increased by 2% over the last 24 hours.
On the hourly chart, the rate of BTC has set a local resistance of $106,692. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by the end of the day.
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However, if the bar closes around current prices, there is a possibility of seeing a test of the $108,000 tomorrow.
On the bigger time frame, the price of the main crypto is rising after a false breakout of the support of $103,621. If the growth continues, traders may witness a further upward move to the $108,000-$110,000 range.
From the midterm point of view, the rate of BTC is on the way to the resistance of $109,588. If the weekly bar closes around that mark or above, one can expect a new all-time high shortly.
Bitcoin is trading at $106,570 at press time.
