Most of the cryptocurrencies are going up at the end of the weekend, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has gone up by 1.45% since yesterday.
On the hourly chart, the price of BTC has made a false breakout of the local resistance at $91,541. However, if a correction does not happen and bulls can hold the initiative, traders may see a test of the $92,000 zone soon.
On the bigger time frame, there are no reversal signals so far. If the daily candle closes around the interim level of $92,000, the accumulated energy might be enough for ongoing growth to the nearest resistance at $94,199.
From the midterm point of view, the situation remains neutral. The volume is low, which means neither bulls nor bears are ready to seize the initiative yet.
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All in all, sideways trading in the range of $90,000-$93,000 is the more likely scenario.
Bitcoin is trading at $91,190 at press time.