BTC Staggers and Tumbles, Is it Finding a Bottom?

BTC is still searching for support after having a tumultuous couple of days. Currently the MFI is bordering oversold territory while the MACD still looks like it could have room to swing further downward. The volatility throughout the day has been fairly extreme, so it’s important for traders to take caution. Until volume settles more definitively, we could see more volatility. BTC found support after dipping down to $56.6k or so.

The overall cryptocurrency market is hovering just above $2.5 trillion and volume is around $144 billion.