Can one expect growth of BTC next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
The rate of Bitcoin has declined by 0.29% since yesterday, while the price has risen by 1.46% over the last week.
On the hourly chart, Bitcoin has begun to rise after the false breakout of the support level at $19,331. At the moment, the price is near the local resistance at $19,524.If buyers can hold the gained initiative, the rise may continue to the $19,600 zone. On the bigger time frame, Bitcoin has once again bounced off the support level at $19,335. While the price is above it, there is a chance for local growth. If that happens, the next zone where sellers can return to the game is the area of $19,800.
From the midterm point of view, the situation is more bearish than bullish as the price is still near the support level of $17,592. If buyers lose the $19,000 mark, one can expect a sharp drop soon.
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