Bulls are dominating over bears on the first day of the weekend, according to CoinStats.
BTC/USD
Unlike other coins, the price of Bitcoin (BTC) has declined by 0.11% over the last 24 hours.
On the hourly chart, the rate of BTC has made a false breakout of the local support of $109,255. However, if a bounce back does not happen, the fall is likely to continue to the $109,000 area by tomorrow.
On the bigger time frame, the situation is less clear. The price of the main crypto is within yesterday’s bar, which means neither side is dominating.
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In this case, consolidation in the area of $109,000-$110,000 is the more likely scenario over the next days.
From the midterm point of view, the rate of BTC keeps going down after a false breakout of the resistance of $117,622. If the drop continues to the support of $107,389, one can expect a test of the $105,000 zone soon.
Bitcoin is trading at $109,352 at press time.
Source: https://u.today/bitcoin-btc-price-prediction-for-september-27-0