The cryptocurrency market is predominantly trading without significant direction on the final day of the week.

BTC/USD

Bitcoin (BTC) has experienced a 0.46% decline in its rate since yesterday. In the past week, its price has surged by 14.37%.

Although there has been a minor dip in the price of BTC today, the hourly chart suggests a bullish trend. It appears that the price is attempting to establish itself above the nearby resistance level of $34,279. Should this level hold, there is potential for further upward momentum towards the $34,500 range in the near future.

The daily time frame presents a contrasting view. BTC's price continues to climb following a deceptive breach of the $33,686 support level. Nonetheless, it still has a significant gap to reach the resistance.

Should today's closing price approach $34,500, there is a possibility of a test of the $35,000 zone in the coming days.

Looking at the weekly chart, the current bar is poised to conclude in a bullish territory. As long as the price maintains its position above the $31,500 level, it indicates that buyers have the upper hand over sellers. Under these conditions, there is a probability that traders may witness a test of $36,000 in the upcoming month.

As of now, Bitcoin is trading at $34,297.