Can Bitcoin (BTC) test $108,000 area next week?
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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.The rate of Bitcoin has risen by 0.14% since yesterday. Over the last week, the price has fallen by 5.43%.On the hourly chart, the price of BTC has made a false breakout of the local support of $109,317, however, the rate has not bounced off far from it. If the situation does not change, one can expect a further downward move to the $109,000-$109,200 range.If the daily bar closes around the current prices or below, traders may witness a test of the $108,000-$109,000 area by the end of the month.From the midterm point of view, one should focus on the weekly bar closure in terms of $107,389. If a breakout happens, the correction is likely to continue to the $104,000 range.
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