Ah, the top 10 coins have once again found themselves in the crimson embrace of the red zone, as reported by the ever-reliable CoinStats.
BTC/USD: The Tale of a Cryptic Coin
Alas, the rate of our beloved Bitcoin (BTC) has experienced a decline of 0.24% since yesterday. How tragic!
On the hourly chart, the price of BTC finds itself in the middle of a local channel, much like a lost soul wandering aimlessly. As most of the daily ATR has been passed, any sharp moves are unlikely to happen by tomorrow. How mundane!
On the grander time frame, the rate of the chief crypto is within yesterday’s bar, which means neither buyers nor sellers are controlling the situation at the moment. How indecisive!
All in all, consolidation around the current prices is the more likely scenario until tomorrow. How predictable!
From the midterm point of view, there are no reversal signals yet. If the candle closes with no long wick, the upward move is likely to continue to a new all-time high next week. How thrilling!
Bitcoin is trading at $117,503 at press time. How… unremarkable!
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2025-07-12 18:50