All top 10 cryptocurrencies have returned to the green zone at the start of the week, with Bitcoin showing a 1.36% increase.
Market Overview
Currently, all top 10 cryptocurrencies are showing positive results, creating an optimistic atmosphere in the market.
Bitcoin Price Analysis
The price of Bitcoin (BTC) has risen by 1.36% over the past day. On the hourly chart, it is showing an upward movement after breaking the $114,926 level. If buyers can maintain the initiative, the rise may continue towards the $116,000 mark.
Predictions and Scenarios
From a long-term perspective, buyers are trying to seize the initiative, but traders may need more time to accumulate energy for further movement. The most likely scenario is consolidation in the range of $114,000-$117,000. Mid-term, neither bulls nor bears are controlling the market situation, as indicated by falling trading volume, suggesting low volatility in the near future.
Currently, Bitcoin is trading at $115,288. With the current trends, there is uncertainty in the market that may affect short-term prospects.
