The top 10 cryptocurrencies are seeing upward momentum today, according to CoinStats data. Bitcoin’s (BTC) price has gained approximately 3% since yesterday. On the hourly chart, BTC is near the local support level of $115,189. If this level is not overcome by the end of the day, a bounce back could occur, followed by a potential further decline to the $114,500 – $115,000 range. On the longer timeframe, there’s less clarity. After the bullish bar closure yesterday, the price has failed to maintain its gains. A test of the $114,000 mark is a possibility if no other developments occur. From a midterm perspective, Bitcoin’s rate made a false breakout of the $111,919 level. Low trading volume suggests potential lack of volatility soon. Therefore, sideways trading between $114,000 and $118,000 is likely until the end of August.