Neither bulls nor bears dominate as the weekend begins, according to CoinStats.BTC chart
BTCUSD
The price of Bitcoin 
BTCUSD is down 1% since yesterday. Image from TradingView
On the hourly time frame, BTC price is in the middle of the narrow channel between the support at $63,458 and the resistance at $64,282.
Since most of the daily ATR has been exceeded, there is unlikely to be a strong move by the end of the day. Image from TradingView
On the larger chart, traders should focus on the next level at $64,636. Further increase is possible only if the price of BTC is above this. Unless this happens, one can expect a correction to the $63,000 zone.Image from TradingView
In the medium term, the price is far from the support and resistance levels. If the weekly bar closes around current prices, continued sideways trading in the $62,000-$66,000 range is the more likely scenario for next week.
At press time, Bitcoin is trading at $63,790.
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