The ongoing market growth remains the more likely scenario today, according to CoinStats.CoinStats”>

BTCUSD

Bitcoin BTCUSD is one of the biggest gainers, rising by almost 4%.TradingView”>

On the hourly chart, the rate of BTC is near the recently formed resistance of $109,500. If buyers can hold the gained initiative, the upward move may continue to the $110,000 zone.TradingView”>

On the bigger time frame, the price of the main crypto is going up after breaking the resistance of $107,115. If the daily candle closes near the bar peak, traders may witness a test of the $110,000-$112,000 range shortly.TradingView”>

From the midterm point of view, the rate of BTC is breaking the resistance level of $108,364. 

At the moment, there are no reversal signals yet, which means one can expect further growth to a new all-time high.

Bitcoin is trading at $109,195 at press time.