Category: Cryptocurrency News

Bitcoin price is consolidating above $29,500. BTC could start a decent increase if it clears the $30,200 resistance zone in the near term. Bitcoin is struggling to gain bullish momentum from the $29,500 level. The price is trading below $30,100 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $30,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the $30,200 resistance. Bitcoin Price Holds Support Bitcoin price remained well-bid above the $29,500 level. BTC formed a support base and recently corrected a few points higher. There was a minor increase above the$29,850 resistance zone. The price climbed above the 50% Fib retracement level of the key drop from the $30,447 swing high to the $29,500 low. However, the bears are still active near the $30,050 level. There is also a key bearish trend line forming with resistance near $30,020 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $30,100 and the 100 hourly Simple moving average. Immediate resistance is near the trend line zone. The first major resistance is near the $30,085 level. It is close to the 61.8% Fib retracement level of the key drop from the $30,447 swing high to the $29,500 low. Source: BTCUSD on TradingView.com The next major resistance is near $30,450. A close above the $30,450 level might start a fresh increase. In the stated case, the price could rise toward the $30,850 level. Any more gains could open the doors for a move toward the $31,200 resistance zone. More Losses in BTC? If Bitcoin fails to clear the $30,085 resistance, it could continue to move down. Immediate support on the downside is near the $29,800 level. The next major support is near the $29,500 level, below which the price could continue to move down. In the stated case, the price could drop toward the $29,200 support zone. Any more losses might send the price toward the $28,400 level in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $29,650, followed by $29,500. Major Resistance Levels – $30,085, $30,450, and $31,200.

With Bitcoin, it’s relatively straightforward: hardware wallet + Sparrow wallet + Bitcoin node running electrs. Is there something similar for ETH that’s reasonably easy to put together (e.g., not becoming your own Unix admin 😎)? submitted by /u/potificate [link] [comments]

ZK proofs could help online privacy by only revealing relevant user information, solving the internet’s “biggest problem,” says Brennen Schlueter.

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It was just yesterday that we had Record Volume on Sushi that was over 5x the previous record set two days prior. Todays Volume on SushiSwap set another Record, ~$1.6M to be exact – an increase of 23% from yesterdays record volume of ~$1.3M and further shrinking all other historical candles. https://preview.redd.it/5pyl8phhg0db1.png?width=689&format=png&auto=webp&s=d9f04b739addce5baa817ccfcc0000b9c46249f5 There is speculation…
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