The cryptocurrency market remains in the green at the time of writing. The price of Bitcoin has barely changed since the previous day.
Current BTC Market Situation
The price of Bitcoin (BTC) shows stability, remaining almost unchanged compared to yesterday.
Short-term Bitcoin Forecast
On the hourly chart, the BTC rate is about to break the local resistance at $88,032. If the daily candle closes above this level, a test of the $89,000 zone could be seen as soon as tomorrow.
Mid-term BTC Analysis
Focus should be on the interim zone of $90,000. If this level is broken, traders might witness a test of the $94,971 resistance by the end of the week. Mid-term forecasts remain cautious: if the weekly candle closes around current prices, sideways trading in the $87,000-$92,000 range is the most likely scenario.
Bitcoin continues its steady rise and might test new resistance levels. However, for longer-term predictions, market changes need to be monitored.
