Bitcoin Has a Volatile Morning

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

BTC 4-hour candle chart, approximately 10:35 P.M. ET, 2/10/22.

Bitcoin has had a volatile 24-hours.

Bitcoin has finally broken $45k after testing around $43k this morning. Bitcoin saw dips overnight and then started to move upwards before falling sharply to test $43k. Volume has spiked after dipping significantly overnight, with BTC preparing to test resistance. This spike in volume could be important for breaking further areas of resistance.

The MFI is still trending downwards as the MACD is making an attempt at swinging upwards.

The overall cryptocurrency market is currently holding around $2.05 trillion. The overall cryptocurrency market’s volume is around $100 billion. BTC dominance is currently at 42% and ETH dominance is currently at 18.7%.

ETH 4-hour candle chart, approximately 12:15 P.M. ET, 2/10/22.

ETH is continuing its uptrend, however now BTC seems to be outpacing ETH slightly. The MFI is continuing to trend downwards and the MACD is continuing to remain fairly neutral.

Tomorrow at 9 am ET, the Ethereum Foundation will be having their call to the community, which could significantly influence the price of ETH.