BTC and ETH Find New ATHs

BTC and Ethereum have found new all time highs overnight. BTC reached a new all time high of approximately $68,500. On the 4 hr candle chart, BTC’s MFI is attempting to find support as it downtrends after finding a new all time high. The MACD’s momentum is swinging downwards, however the EMAs are still tending upwards. There could be a slight correction downward after finding a new ATH, however, currently BTC is attempting to find support above $67,000 which is a great sign if it holds.

It should be noted that BTC’s new taproot update will be released in the coming days, so there is a lot of attention on BTC within the community right now as well.

Ethereum is continuing its uptrend after testing support on Saturday. Its MFI is now in overbought territory on the 4 hour chart, and momentum is swinging downwards as it attemtps to hold support above $4,750. Ethereum reached a new all time high of around $4,840.