According to CoinMarketCap, bulls are giving bears no chance of grabbing the initiative.
Bitcoin (BTC), rising by 4.34%, is growing at a faster rate than other coins.
The local resistance level for the hourly chart is $18,284. The price is currently located in the middle part of the narrow channel. There are very few chances for sharp moves at the end of each day, as Bitcoin (BTC), has passed most daily ATR.
On the bigger time frame, the price has almost touched the resistance level at $18,373. Despite the correction, Bitcoin (BTC), which is above $17,853 support level, remains bullish.
As the main crypto takes time to build strength, it is not possible to expect any further upward movement. For the next few days, sideways trading is likely to be in the range of $18,000-18,000.300
On the weekly chart, it has made a false breakout at the mirror level of $18,157. However, if buyers can hold the rate around that mark by the end of the week, there is a possibility of seeing a breakout, followed by a rise to the $19,000 zone.
Bitcoin trades at $18,089 as of press time