Bitcoin (BTC) price appears to have entered the weekend well after a relatively calm Friday, so the price continued to fluctuate between $ 10200 and $ 10.400.

At the time of writing, the daily chart shows that the digital asset is narrowing, and when it reached a double bottom at $ 9,838, BTC picked up a high and low pattern that has now reduced the price to a narrower range.

While volume still leaves much to be desired, the moving average convergence divergence indicator shows that the MACD is approaching the signal line, and the shorter bars in the chart indicate a decrease in the sell-off.

The RSI remains below its midline, and while BTC is now above the 100-MA, the banner of a $ 10,500 breakout to support support is still the next step that traders are looking for.

As mentioned in the previous analysis, if the price could break above $ 10,500, the bulls would try to take advantage of the VPVR gap between $ 10,500 and $ 11,000, but the 20-MA ($ 10900) would likely act as resistance before moving up to $ 11,300. .

As Bitcoin price continues to consolidate towards a more decisive move, altcoins rallied to test important resistance levels that were strong support only a week ago.

Yearn.finance (YFI) became the growth leader, raising 22.5% to $ 38,333. Binance Coin (BNB) is up 11.30% and Ontology ONT is up 13.19%.

According to CoinMarketCap, the cryptocurrency’s total market cap is now $ 334 billion, and the Bitcoin dominance index is currently at 56.8%.

Source: CoinTelegraph

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