Hello, guys.
On the hourly chart, the rate of BTC is in the middle of the narrow channel between the support of $63,676 and the resistance of $64,460. If the rise continues to the upper line, one can expect a breakout followed by a blast to the $65,000 area.
On the daily time frame, the price of the main crypto is trading within yesterday’s bar. However, if it closes above it and with no long wick, the energy might be enough for a test of the $67,000-$69,000 range.
All in all, sideways trading in the area of $63,000-$68,000 is the more likely scenario.
Have a great weekend.