The crypto market keeps growing today, according to CoinStats.CoinStats”>

BTCUSD

The rate of Bitcoin BTCUSD has risen by 6.44% since yesterday.TradingView”>

On the hourly chart, the price of the main crypto is near the formed resistance of $118,839. As there are no levels ahead, there are good chances of seeing ongoing growth.TradingView”>

On the longer time frame, the rate of BTC keeps rising after breaking the $112,000 level. 

If the candle closes around the current prices, traders may witness a test of the $120,000 range soon.TradingView”>

From the midterm point of view, bulls are controlling the situation on the market. Until the rate is above the $112,000 mark, there is a high chance of seeing a new all-time high from BTC shortly.

Bitcoin is trading at $118,196 at press time.