Is BTC Daily Chart Showing Signs of Continuing?

BTC daily candle chart, approximately 11/2/21.

BTC’s rally has now settled in the mid $63,000s, after finding new support from its initial jump this morning. On the daily chart, the MFI is continuing its trend downwards, while the MACD looks like it may be preparing to swing upwards. BTC dominance has dipped down to 43.8% while ETH dominance holds steady around 19.5%. We can see this slight dip in dominance from BTC in the variety of altcoins that are moving strongly today.

The overall market cap is over $2.7 trillion while the daily volume has once again crossed $178 billion. While ETH finds new all-time highs, gas fees are fairly steep.

LRC 4 hour candle chart, approximately 3:45pm ET, 11/2/21.

LRC is continuing its momentous gains today following its partnership with Gamestop. Today, Loopring takes the highest percentage gains in the top 100 on coinmarketcap.com. It should be noted that the MFI is well into overbought territory with Momentum swinging almost vertical on the MACD. The volume over the last couple of days has increased exponentially as well. LRC’s all-time high is $2.59, so many are wondering if it will test that range once more if upper supports continue to hold.