Buyers remain in control as the weekend kicks off, as reported by CoinMarketCap.
Currently, the price of Bitcoin (BTC) has experienced a slight decrease of 1.18% over the last 24 hours.
Analyzing the hourly chart, it appears that BTC may have encountered a local resistance level at $62,308. Should the daily bar not close close to this level, a potential correction towards the $62,000 zone could be imminent.
Taking a broader perspective, attention should be directed to the bar closure near the $62,350 mark or higher. A closing around or above this level might indicate a continuation of the upward trend towards the $63,000-$64,000 range in the coming week.
Looking at the weekly chart, neither bulls nor bears are asserting dominance, with BTC lingering in the middle of a wide channel accompanied by decreasing volume. This suggests a prolonged period of sideways trading within the $60,000-$66,000 range.
At the time of writing, Bitcoin is priced at $62,239.
