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After a slight rebound, the cryptocurrency market is bearish again, according to CoinStats.
BTC/USD
Bitcoin rate fell by 2.13% over the past day.
On the hourly chart, BTC price is more bearish than bullish as it falls after a failed attempt to settle above the $63,000 intermediate zone.
If the situation does not change by the end of the day, there is a chance to see a test of support by tomorrow.
A similar picture occurs on the daily period. If the bar closes below the $63,136 support level, a continued decline to the $62,000 zone can be expected soon.
From a medium-term perspective, there are no reversal signals yet, which means it is too early to think about a rebound. Additionally, if buyers lose the $60,000 zone, the pent-up energy could be enough to dump towards the $55,000 zone.
Bitcoin is trading at $62,979 at press time.
About the Author
Denys Serhiichuk
