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According to CoinMarketCap, neither the bulls nor the bears are in control on the final day of the week.
BTC/USD
Bitcoin (BTC) rate has increased by 0.66% since yesterday. Last week, the price increased by 7.72%.
On the hourly chart, BTC price is trading above the local resistance level of $70,555. If things don't change by the end of the day, the rally could continue to near $71,000 tomorrow.
The bears were unable to sustain the decline after yesterday's bearish candlestick close. If the rally continues and the bar closes not far from the $71,649 resistance, the accumulated energy could be enough to surge to $73,000 following the breakout.
The bulls are more powerful than the bears on the weekly chart. However, it is too early to make distant predictions as the rate has not reached the recently formed resistance at $73,755.
If this growth continues, traders could expect a new all-time high in April.
At the time of writing, Bitcoin is trading at $70,710.
About the author
Denis Selhychuk
