The crypto market has switched to green after a slight drop, according to CoinStats.
Top coins by CoinStatsBTC/USD
The rate of Bitcoin (BTC) has gone up by 1.69% over the last day.
Image by TradingViewOn the hourly chart, the price of BTC has broken the local resistance at $92,576. If bulls can hold the gained initiative and keep the rate above that mark, the upward move may continue to the $94,000 zone soon.
Image by TradingViewOn the longer time frame, the rate of the main crypto is closer to the resistance than to the support.
If a breakout of the $94,652 level occurs, the accumulated energy might be enough for a test of the $100,000 range.
Image by TradingViewFrom the midterm point of view, the situation is similar. If the weekly bar fixes above the resistance, traders may expect a price blast to the $100,000-$105,000 range by the end of the month.
Bitcoin is trading at $92,954 at press time.
Source: https://u.today/bitcoin-btc-price-analysis-for-january-13
