The correction has not lasted long, and the market is back to green again, according to CoinStats.
BTC chart by CoinStatsBTC/USD
The rate of Bitcoin (BTC) has gone up by 3% since yesterday.
Image by TradingViewOn the hourly chart, the price of BTC is rising after a local resistance breakout. The volume has risen, which means bulls are controlling the initiative on the market at the moment.
If the situation does not change by tomorrow, the upward move may continue to the $92,000 mark.
Image by TradingViewOn the longer time frame, the rate of the main crypto is far from key levels. As neither bulls nor bears are dominating, sideways trading in the area of $89,000-$92,000 is the most likely scenario this week.
Image by TradingViewFrom the midterm point of view, the picture is similar. The volume keeps falling, which means traders are unlikely to see sharp ups or downs shortly.
Bitcoin is trading at $89,912 at press time.
Source: https://u.today/bitcoin-btc-price-analysis-for-december-17
