According to CoinStats, the rates of most coins tend to rise on the last day of the week, and Bitcoin (BTC) is no exception.

The price of Bitcoin has increased by 1.34% over the last 24 hours. On the hourly chart, BTC has broken through the local resistance level of $108,234. If the daily candle closes above this mark, the upward momentum is likely to continue toward the $109,000 range.

Looking at a larger time frame, Bitcoin’s price is trending upward following yesterday’s bullish close. However, the trading volume remains low, suggesting that bulls may need more time to build strength for a sustained move. As a result, consolidation within the narrow range of $108,000 to $110,000 seems to be the most probable scenario in the near term.

From a midterm perspective, the outlook is less favorable for buyers. If the weekly candle closes near its low, there is a significant possibility that Bitcoin will test the support level at $100,426 by the end of the month.

At press time, Bitcoin is trading at $108,455.
https://u.today/bitcoin-btc-price-analysis-for-october-19-0