The prices of most coins are rising today, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.61% since yesterday.
On the hourly chart, the price of BTC is in the middle of the local channel.
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However, any sharp moves are unlikely to happen by the end of the day as most of the daily ATR has been passed.
A more positive picture is on the bigger time frame. If the bar returns to the $44,000 mark and fixes above it, the accumulated energy might be enough for a breakout followed by a test of the $45,000-$46,000 zone.
A similar situation is on the weekly chart. If the weekly candle closes above the previous bar peak, the upward move may continue to the $48,200 level.
Bitcoin is trading at $43,759 at press time.
