BTC Looks to Test Resistance

Neither this post nor others at cryptofal.com, should be taken as financial advice. It is not.

The MFI and the MACD have made definitive moves today on BTC’s 4 hour candle chart as BTC approaches resistance. If BTC breaks resistance and maintains support, we could see the onset of a new uptrend, especially if indicators continue to show bullish patterns. The overall volume has crossed above $100 billion once more, and BTC dominance and ETH dominance remain at 41.9% and 19.8% respectively.

ETH is also making an attempt at a breakout as well. It’s likely that if BTC breaks resistance and forms higher supports, it won’t be long until Ethereum does the same. Its MFI and MACD are showing more definitive movement upwards than this morning, so it wouldn't be surprising if this uptrend continues.