A new week has started bearish for most of the coins, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has fallen by 1.42% since yesterday.
On the hourly chart, the price of BTC is far from the support and resistance levels.
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As neither bulls nor bears are dominating, traders are unlikely to see increased volatility soon.
On the longer time frame, the rate of the main crypto has made a false breakout of the support of $93,961. However, if a bounce back does not occur, there is a chance to see an ongoing drop to the $92,000-$93,000 zone.
From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $93,376 level. If its breakout happens, the accumulated energy might be enough for a more profound drop to the $90,000 range.
Bitcoin is trading at $94,111 at press time.