BTC Consolidates

Written By Guest User
BTC 4 hour candle chart, approximately 9:50am ET, 10/29/21.

BTC 4 hour candle chart, approximately 9:50am ET, 10/29/21.

BTC is consolidating strongly and is now testing areas of resistance after testing support. We could be gearing up to see Bitcoin recapture some market movement as well. The MFI is trending upwards on the four-hour charts. Momentum is looking fairly neutral because it could trend in either direction.

ETH/BTC daily ratio candle chart.

ETH/BTC daily ratio candle chart.

Ethereum is also on the move after hitting new all-time highs last night. The ratio is also continuing an uptrend as well.

Guest User
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