The market keeps growing today, according to CoinMarketCap. CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD has gone up by almost 1% over the last day.TradingView”>

On the hourly chart, the rate of BTC might have set a local resistance of $82,923. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow. 

However, if the candle closes around current prices, there is a chance to see a level breakout, followed by a test of the $84,000 zone.TradingView”>

On the bigger time frame, the price of the main crypto is far from key levels. If neither bulls nor bears seize the initiative, ongoing sideways trading in the area of $80,000-$84,000 is the most likely scenario.TradingView”>

From the midterm point of view, the rate of BTC has made a false breakout of the support of $76,000. If the weekly bar closes far from that mark, the bounceback may continue to the $87,000-$90,000 zone.

Bitcoin is trading at $81,940 at press time.