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The bears continue their pressure, and most coins are in the red again, according to the Verge. CoinMarketCap.
Bitcoin/US Dollar
The price of Bitcoin (BTC) has fallen by 3.21% in the past 24 hours.
On the hourly chart, BTC price made a false breakout of the local support of $91,800. Since most of the ATR has been crossed, there is a chance to see a bounce again.
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If the daily bar closes away from the mentioned mark, traders could see a test of the $94,000 area soon.
On a larger time frame, the situation is less positive. The price of the major cryptocurrency is on its way to test the $90,405 support. If it breaks out, the accumulated energy could be enough to drop to the $88,000 range.
From a mid-term perspective, the picture is also bearish. If buyers lose the vital $90,000 area, the next area where the price could bounce is around $82,000.
Bitcoin is trading at $92,782 at press time.
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