BTC Looks For Second Green Daily Candle

Neither this post nor any other on cryptofal.com should be considered financial advice.

BTC is attempting to continue its uptrend on the daily candle chart.

After a daily green close yesterday, BTC is searching for yet another green candle today. The MFI is trending upwards along with the MACD.

This could continue its pattern if BTC keeps achieving higher support. With fiat markets showing some positive sentiment once more, BTC is also showing some promise (fundamental developments permitting).

The overall cryptocurrency market is at approximately $2.3 trillion. BTC dominance is at 40.4% while ETH is at 20.8%. BTC is making an attempt at taking more market dominance, however, the overall trend still has altcoin and ETH dominance outpacing BTC.

ETH is lacking BTC’s positive momentum currently with its MACD just starting to swing upwards, and its MFI trending sideways. It should be noted that this isn’t too surprising as ETH attempts to hold a higher support in its ratio to BTC.