BTC Consolidates For Christmas Morning

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

BTC is consolidating after seeing a nice incline before Christmas.

The MFI is trending upwards fairly sharply as it approaches overbought territory. The MACD is currently attempting to swing downwards, however it is looking fairly neutral. Volume is dipping slightly, however its attempting to remain fairly steady. We could see either some sidways movement, or a slight dip to search for support as well.

The overall cryptocurrency market is $2.37 trillion. The overall cryptocurrency volume is at approximately $78 billion. BTC dominance is at 40.4% and ETH dominance is at 20.4%.

The MFI is currently trending upwards on ETH’s 4-hour candles. The MACD is fairly neutral, however it’s making an attempt at trending downwards.

On the charts, ETH has broken above resistance and turned this into a line of support. Volume on ETH is remaining fairly steady into Christmas Day.