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Buyers are more powerful than sellers on the last day of the month, second CoinStats.
BTC/USD
Bitcoin (BTC) is one of the biggest gainers today, growing by 2%.
In the hourly chart, the BTC rate has broken the local resistance of $110,463. If the buyers can hold the initiative and the daily bar closes above that mark, the upward movement is likely to continue to the $112,000 zone.
On the longer term, the price of the main crypto is far from the key levels. Volume is low, which means traders are unlikely to witness strong moves soon.
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In this case, sideways trading in the area of ​​$110,000-$112,000 is the most likely scenario.
From the midterm point of view, the situation is similar. The rate is in the middle of a wide channel against declining volume. In this sense, continued consolidation around current prices is the most likely scenario.
Bitcoin is trading at $110,642 at press time.
