There is no one-way trend on the market today, according to CoinMarketCap. CoinMarketCap”>

BTCUSD

The rate of Bitcoin BTCUSD has declined by 0.54% over the last 24 hours.TradingView”>

On the hourly chart, the price of BTC is near the local support of $81,596. If its breakout happens, the drop may continue to the $81,000 area shortly.TradingView”>

On the longer time frame, the rate of the main crypto has once again bounced off the resistance of $84,007. 

If buyers cannot seize the initiative, traders may witness a test of the interim level of $80,000 soon.TradingView”>

From the midterm point of view, one should focus on the weekly bar’s closure in terms of the nearest level of $78,197. If the closure happens far from that level, there is a chance to see a local bounce back to the $84,000-$88,000 range.

Bitcoin is trading at $81,553 at press time.