BTC and ETH Power Through Resistance

Written By Guest User

Neither this post, nor any of the ones on cryptofal.com should be taken as financial advice. It is not.

BTC is powering through resistance and testing $60k. BTC found itself dipping strongly before finding support and then seeing a windfall of buy-side pressure. The MFI is trending upwards and the MACD is as well.Volume is increasing slightly in this uptrend, so this is looking like it could be a recovery if new short-term supports are found and maintained. The overall cryptocurrency market is around $2.65 trillion. BTC dominance is at 42.3% and ETH dominance is at 19.6%.

Ethereum powered through two lines of resistance following BTC’s movements. The MACD and the MFI are swinging upwards. It’s likely that this trend could continue going into tomorrow if supports are found and held.

Guest User
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