BTC Dips, Where’s its Support?

BTC 4 hour candle chart, approximately 9:45 am ET, 10/27/21.

BTC has taken a bit of a tumble after attempting to test resistance around $64,000. Currently, BTC is trending around $59,000 after finding support above $58,000. The overall cryptocurrency market cap has dipped below $2.5 trillion with an increase of overall volume to over $162 billion. BTC dominance is at 45%, while ETH dominance is at 19.1%.

The MFI and the MACD look to be preparing to enter areas where they may swing upward.