The market keeps staying in the green zone, 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 about to the break the local resistance of $88,032. If the daily bar closes above that mark, there is a chance to see a test of the $89,000 zone by tomorrow.TradingView”>

On the bigger time frame, bulls seem to have energy to keep growing. In this case, one should focus on the interim zone of $90,000. 

If it breaks out, traders may witness a test of the resistance of $94,971 by the end of the week.TradingView”>

From the midterm point of view, it is too early to make any distant predictions. If the weekly candle closes around current prices, sideways trading in the range of $87,000-$92,000 is the most likely scenario.

Bitcoin is trading at $87,940 at press time.