BTC Dips Below Support

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BTC is attempting to dip below a month-long line of support currently. Much of the cryptocurrency market is following it with these slight dips as well. The MFI is trending downwards and the MACD on BTC’s 4-hour chart. Other time frames are also showing similar technical patterns (such as the weekly and even the daily).

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Ethereum is testing areas of support currently after breaking below long-term support. The MFI is trending downwards and so is the MACD as well.

The overall market cap has dipped below $2.8 trillion and the overall volume is once again over $100 billion.

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