Can current bounce back by Bitcoin (BTC) lead to test of $114,000 mark soon?
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the price of BTC is trying to fix above the $113,188 level. If it happens and the bar closes far from that mark, the upward move is likely to continue to the $114,000 area.On the longer time frame, the rate of the main crypto is far from main levels. In this case, traders should pay attention to the daily candle's closure in terms of yesterday's bar's peak. If it happens above it, bulls may again seize the initiative, which may lead to a test of the $114,000-$115,000 zone by the end of the week.From the midterm point of view, none of the sides has seized the initiative yet. Such a statement is also confirmed by the low volume. All in all, sideways trading in the area of $110,000-$114,000 is the most likely scenario. BTCC Exchange Partners with NBA All-Star Jaren Jackson Jr. to Inspire Smarter Moves in Sports and CryptoHash Hedge and Walbi launch the World Series of Crypto Trading : the first global trading series with a live human vs AI final in Dubai
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