BTC Continues its Uptrend

Neither this post nor any other on cryptofal.com should be taken as financial advice. It is not.

BTC is continuing its uptrend from yesterday as it breaks resistance at $44k.

BTC has had a fairly good few days this week. Its MFI has trended upward most of the week, attempting to test overbought territory, but now just bordering it. The MACD has also been trending upwards fairly strongly. It’s likely that this trend could continue over the next few days, especially when looking at the daily chart.

On the daily candle chart, BTC is showing fairly bullish signs as well. The MFI is trending upwards overall, and has a lot of room to move upward if it continues. The MACD is also just swinging into positive territory, which could mean it has a lot of potential upside to move.

The overall cryptocurrency market cap is currently just below $2.1 trillion as it slowly sees more inflows of money once more. Both BTC dominance and ETH dominance are fairly down at 39.8% and 19.2% respectively. With these slight dips in dominance, we are seeing some massive movement in the altcoin space. The overall cryptocurrency market’s volume is currently at $118 billion.