BTC Above $50k Once More

Written By Guest User

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

BTC has broken above $50k once more after dipping below Friday evening. It’s currently preparing to test a line of support. The MFI and the MACD are trending upwards fairly strongly on the hourly candle chart. It should be noted that the MFI is nearing overbought territory, so it wouldn’t be surprising if we started to see the upward trend settle, or backtrack and search for higher support overnight.

While BTC prepares to test an area of resistance, ETH continues to move at higher rates as it definitely tests a line of resistance over $4,300. ETH dominance has climbed to 21.9% and BTC dominance has dipped down to 40.9%. Both the MFI and the MACD on ETH’s hourly chart are showing similar patterns to BTC’s.

Guest User
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