The price of Bitcoin (BTC) has entered a good footing over the weekend after the price continued to fluctuate between $ 10,200- $ 10,400 after a relatively unbearable Friday.
Cryptocurrency Daily Market Performance Snapshot. Source: Coin360
At the time of writing the daily chart, the top-ranked digital asset shows a tightening in the pennant and, having made a double boat at 9,838, BTC has tied a pattern of high levels that have now pushed prices into a more rigid range.
BTC / USDT daily chart. Source: Trading View
Trading volume still leaves much to be desired, the Moving Average Conversion Diversion indicator shows that the MACD is pulling closer to the signal line and the short bar on the histogram indicates that sales are slowing.
While encouraging, RSI stays below the midline and even though 100-mA is above a progressive curve to flip a 10.5K for BTC support, traders are looking for the next step.
According to the previous analysis, if the price could push through.5 10.5K, the bull P will try to exploit the VPPR gap from 10,500- $ 11,000 but is likely to resist as the 20-MA ($ 10,900) moves towards $ 11,300. Will work.
Bitcoin price daily performance. Source: Coin360
As the price of Bitcoin continues to consolidate towards more decisive action, Veltoins moved to a higher position to test the main resistance level, which was strong support just a week ago.
Yearn.finance (YFI) was the top performer, rising 22.5% to 38 38,333. The Beans Coin (BNB) gained 11.30% and the Ontology ONT 13.19%.
According to CoinMarketCap, the overall cryptocurrency market cap is now 4,334 billion and Bitcoin’s dominance index is currently .856..8%.
