BTC: A Volatile Monday

This, nor any post on cryptofal.com, should be considered financial advice. It is not.

BTC has had a volatile morning. From looking like it was going to test lower, to then finding support around $56.6k and bouncing to over $59k within minutes. The MACD and the MFI are currently fairly neutral on the four hour. Their direction will likely be determined by the 4-hour close, which will likely be positive if this type of buy-side pressure is maintained. This recent movement for BTC moves it through a line of resistance that it had been struggling with.

Ethereum followed BTC’s price movement, breaking through one of its own lines of resistance around the time of posting. It’s momentum and MFI look to be making an attempt to trend upwards.