Bears will not give up as the majority of coins stay in the red. However, there are some exceptions to the rule. Most notably, Bitcoin (BTC) and Binance Coin (BNB) are up 0.21% and 0.83%, respectively.
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BTC/USD
Bitcoin (BTC) price is almost unchanged since yesterday; However, it is down 14% in the last week.
BTC/USD chart by TradingView
Bitcoin (BTC) is trading below the $30.00 level, which means buyers are not ready to recover the price anytime soon. Such a statement is also confirmed by the declining trading volume, which shows the weakness of the bulls.
BTC/USD chart by TradingView
Nothing critical has happened on the daily chart since yesterday as Bitcoin (BTC) has yet to decide which path to take. In this case, the more likely scenario is continued sideways trading in the $29,000-$30,000 range. However, if the coming week starts with a strong rise, there are chances to see the test of the $32,000 zone shortly.
BTC/USD chart by TradingView
On the larger time frame, Bitcoin (BTC) has staged a false breakout above the levels formed over the last year. Currently you have to pay close attention to the weekly closure. If the buyers can take the price to the crucial $30,000 level, the recovery could continue next week.
Bitcoin is trading at $29,641 at press time.
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