BTC Searches For Higher Support

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

BTC is looking for a support after testing above a line of resistance once more.

Currently, the MFI is bordering oversold territory and is struggling to really start a definitive uptrend. The MACD is looking like it could trend downwards, however it is moving within a fairly neutral range. Volume is holding fairly steadily for BTC.

The overall cryptocurrency market cap is hovering just below $2.2 trillion, while BTC dominance is holding at 41.5% and ETH dominance is down slightly to 20.9%.

ETH is struggling to break above its current area. While the MFI has made an attempt at a more definitive test upwards than BTC’s, it’s still struggling as well. The MACD is looking like it could trend downwards once more as well, and volume is also dipping on ETH’s 4-hour candle chart as well.