Buyers have turned out to be more powerful than sellers on the last day of the week, according to CoinMarketCap.Top coins by CoinMarketCap

BTCUSD

The rate of Bitcoin BTCUSD has increased by 1.70% since yesterday. Over the last week, the price has risen by 4.48%.Image by TradingView

Despite today’s rise, bulls are facing trouble holding the gained initiative. If the situation does not change until the end of the day, one can expect a test of the $59,000 zone tomorrow.Image by TradingView

On the bigger time frame, the rate of BTC has bounced off the resistance of $60,430. If the daily bar closes far from it and below the vital zone of $60,000, there is a chance of a correction to the $58,000-$58,500 area next week.Image by TradingView

From the midterm point of view, the weekly bar is about to close bullish. However, the price has not accumulated enough energy for a bull run.

In this case, consolidation in the zone of $58,000-$60,000 is the more likely scenario.

Bitcoin is trading at $59,729 at press time.