Bitcoin Holds Steady as Weekend Consolidation Sets In
The post Bitcoin Holds Steady as Weekend Consolidation Sets In appeared on BitcoinEthereumNews.com. Bitcoin In a tweet posted on May 24, crypto analyst Daan Crypto Trades shared his weekend outlook for Bitcoin, noting that he isn’t expecting major volatility or volume. “It’s weekend so I’m not expecting a ton of volatility or volume like usual,” he wrote. Daan highlighted a potential risk zone near $104,000, which he says is a liquidation level for a large whale. However, as long as BTC trades well above that level, he believes volatility should remain contained. Attached to the tweet was a 15-minute BTC/USD chart, showing a notable gap between the CME close and the upcoming CME open, marked around $108,241. A magnet icon was used to symbolize a potential price pullback toward that level, as Bitcoin often “fills the gap” left between CME market sessions. “BTC did well but most alts failed to follow,” Daan added, referring to relative weakness in the broader altcoin market following Bitcoin’s recent gains. For now, the market appears to be in consolidation mode as traders await new catalysts. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/bitcoin-holds-steady-as-weekend-consolidation-sets-in/
The post Bitcoin Holds Steady as Weekend Consolidation Sets In appeared on BitcoinEthereumNews.com.
Bitcoin In a tweet posted on May 24, crypto analyst Daan Crypto Trades shared his weekend outlook for Bitcoin, noting that he isn’t expecting major volatility or volume. “It’s weekend so I’m not expecting a ton of volatility or volume like usual,” he wrote. Daan highlighted a potential risk zone near $104,000, which he says is a liquidation level for a large whale. However, as long as BTC trades well above that level, he believes volatility should remain contained. Attached to the tweet was a 15-minute BTC/USD chart, showing a notable gap between the CME close and the upcoming CME open, marked around $108,241. A magnet icon was used to symbolize a potential price pullback toward that level, as Bitcoin often “fills the gap” left between CME market sessions. “BTC did well but most alts failed to follow,” Daan added, referring to relative weakness in the broader altcoin market following Bitcoin’s recent gains. For now, the market appears to be in consolidation mode as traders await new catalysts. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article Source: https://coindoo.com/bitcoin-holds-steady-as-weekend-consolidation-sets-in/
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