Bulls are back to the game after a correction, according to CoinMarketCap. CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD is almost unchanged since yesterday.TradingView”>

On the hourly chart, the rate of BTC is falling after a false breakout of the local resistance of $104,207. If buyers cannot seize the initiative soon, one can expect a test of the $102,500 area by tomorrow.TradingView”>

On the bigger time frame, bulls have failed to keep growth going after a bullish candle closure. 

If the bar closes near $102,000, the energy might be enough for a test of the $100,000 range.TradingView”>

From the midterm point of view, the price of the main crypto has made a false breakout of the resistance of $104,985. If the bar closes far from that mark, traders may witness a correction to $100,000 and below.

Bitcoin is trading at $103,073 at press time.