On the last day of the week, the situation has completely changed on the cryptocurrency market. All coins from the Top 10 list are in the red zone.
![Top 10 coins by CoinMarketCap](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/top10coinsbycmc_58.png?itok=gXopk8ja)
As the rates of the altcoins have gone down more than that of Bitcoin (BTC), the dominance rate of the leading crypto has risen and now makes up 64.2%.
![BTC’s market share](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/btcmarketshare_6.png?itok=1GVqUPQ9)
The relevant data of Bitcoin today:
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Name: Bitcoin
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Ticker: BTC
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Market Cap: $282,826,864,367
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Price: $15,257.15
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Volume (24h): $35,626,209,205
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Change (24h): -1.65%
The data is relevant at press time.
BTC/USD: Can bulls recover the rate of Bitcoin to $16,000?
On the hourly chart, Bitcoin (BTC) has successfully bounced off the support at $14,400. The price blast was supported by a huge trading volume, which means that bulls have the potential to continue the rise.
![BTC/USD chart by TradingView](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/BTC%3AUSD%20chart%20by%20TradingView_39.png?itok=Y8ebkOWd)
However, the low liquidity is the obstacle on the way to new peaks, which means that buyers' power is not enough to update the previous high of $16,000. In this case, the more likely scenario is growth to the closest resistance at $15,778.
![BTC/USD chart by TradingView](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/2222BTC%3AUSD%20chart%20by%20TradingView_4.png?itok=4m8n4-Ix)
On the bigger time frame, bulls' power is coming to an end, as the price of Bitcoin (BTC) has been growing for a long time without a significant correction.
The resistance line of the Bollinger Bands indicator is going down, which means that buyers have low chances to update the heights without a short-term decline. If that happens, the first stop is around $14,100.
![BTC/USD chart by TradingView](https://cryptocomes.com/sites/default/files/styles/736x/public/inline-images/333BTC%3AUSD%20chart%20by%20TradingView_3.png?itok=DpYNSLLT)
On the daily chart, the main crypto is about to face a more profound drop if bulls want to keep the ongoing rise. The decreasing liquidity and trading volume support such a move. From the technical perspective, the drop may continue to the vital support around $12,500, where bulls might seize the initiative.
Bitcoin is trading at $15,165 at press time.