BTC Struggles To Maintain Support Above $50k

Written By Guest User

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

BTC attempted to test a line of resistance but struggled to break it.

Currently, it’s testing a former line of resistance turned support as it tries to hold above. The MFI is trending downwards and so is the momentum on the MACD. This could mean that it wouldn’t be too surprising if we saw some downward movement from BTC.

The overall cryptocurrency market cap is around $2.2 trillion and the overall volume is down to approximately $70 billion at the time of posting

Ethereum is currently testing a line of support that has been a factor since early November. The MFI and MACD on ETH are also trending downwards.

Guest User
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