Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3%

Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3%

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 sand

Data 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, some of whom began to discuss the…


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