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According to CoinMarketCap, buyers were in control at the beginning of the weekend.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) rate has fallen by 1.18% in the past 24 hours.
Image by TradingView
On the hourly chart, BTC price may have found a local resistance level at $62,308. If the daily chart ends far away from there, we can expect a correction to the $62,000 zone soon.
Image by TradingView
On larger time frames, you need to pay attention to bar exits. If this happens near or above $62,350, the rally could continue into the $63,000-$64,000 range next week.
Image by TradingView
On the weekly chart, neither side is dominant as BTC price is located in the middle of a broad channel. Such a statement is also supported by the decrease in volume.
related
In this case, the more likely scenario is continued sideways trading in the $60,000 to $66,000 range.
At the time of writing, Bitcoin is trading at $62,239.
