Can price of Bitcoin (BTC) get back to $110,000 zone 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 rate of BTC has made a false breakout of the local support of $108,777. However, if the bounce back does not happen, traders may expect a dump to the $108,000 zone by tomorrow.If the daily bar closes below yesterday's candle's low, traders may witness a test of the $107,389 level by the end of the week.From the midterm point of view, the rate of the main coin is going down after a false breakout of the $117,622 resistance. If the price of BTC closes around the current levels or below, the accumulated energy might be enough for a move to the $104,000 range.
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