Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3%
Relief endures despite a U.S. trading holiday, but worries over waning momentum in stocks mean the short-term outlook remains gloomy. Bitcoin (BTC) stayed higher on May 30 as early week gains saw BTC/USD retain $30,500.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView$32,000, $35,000 flagged as lines in the sandData from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency consolidating near $30,600 at the time of writing after hitting highs of $30,900 on Bistamp.Its best performance since May 16, the return to relative strength was welcomed by analysts,....
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Bitcoin price is still pushing higher, but these gains could hinge on this week’s top-tier market catalysts. Bitcoin Price Key Highlights. Bitcoin price recently made an upside breakout from a short-term consolidation pattern, signaling that bulls are putting up a fight. Price is back in consolidation for now, possibly waiting for more catalysts to fuel it higher. Technical indicators are suggesting that further gains are in the cards. Market Events. The 100 SMA seems to be attempting an upward crossover from the longer-term 200 SMA, signaling that the path of least resistance is to the....
Bitcoin’s price appears to have entered yet another consolidation phase as it trades between $11,400 and $11,600 Its present lack of momentum comes close on the heels of the strong move higher that it posted last week The resistance above its current price level is quite intense, and this may mark an attempt from bulls to garner greater buy-side support Where the market trends in the mid-term will likely depend largely on whether Bitcoin’s consolidation […]
The need to update Ethereum clients comes as the Bellatrix upgrade is set to enable the Beacon Chain to execute transactions. As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Sept. 6, according to data from Ethernodes. The Bellatrix upgrade is seen as one of the last necessary steps prior to the official Merge, which will see Ethereum transition to a proof-of-stake consensus mechanism between Sept. 10-20.To become Merge ready, Ethereum node operators must comply with the Bellatrix upgrade by updating its consensus....
Litecoin Price Key Highlights. Litecoin price finally broke out of the ascending triangle consolidation pattern visible on its long-term charts, signaling that it's ready for more gains. Price broke above the triangle resistance and could keep heading further north. Litecoin price exhibited a strong bullish run, as it made a convincing break above a tight long-term consolidation pattern. How High Can It Go? Although the buying pressure was pretty strong, litecoin price seems to have lost some momentum upon hitting resistance at the 4.00 level, as this lines up with a previous area of....
Dash Price Key Highlights. Dash price continued to trade in a tiny range with a monster support around 0.0116BTC. Sellers are struggling to clear 0.0116BTC, which poses a threat of a bounce. As mentioned yesterday, buyers need to break the 100 simple moving average to take the price higher. There was an upside reaction in Dash price yesterday, but buyers failed to maintain gains as the price moved back lower. Consolidation Phase. Looking at the current price action, it looks like the price is under a major consolidation phase, as both buyers and sellers struggling to take the price in one....