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The market turned red again, according to CoinStats.
Bitcoin/US Dollar
The price of Bitcoin (BTC) has fallen by 1.91% in the past 24 hours.
On the hourly chart, BTC price is trying to break the local resistance of $94,623. If that happens, the rally could continue to the $95,000 area by the end of the week.
There is a less positive picture on the larger time frame. If buyers lose the $94,000 temporary zone, there is a chance to test the nearest support at $92,092.
A similar situation exists on the weekly chart. At the moment, there are no reversal signals yet, which means there is still a chance for a continued decline.
Related to
If the $92,000 level is broken, traders could see a test of the $90,000 range soon.
Bitcoin is trading at $94,544 at press time.
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