BTC Continues its Uptrend

Written By Guest User
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BTC could be preparing to test $63,000 once more. This is a strong short-term area of resistance that has already been tested twice. Volume is dipping into this resistance/consolidation area. However, with support showing to be strong, we could see a continued climb higher.
The MFI is hovering near overbought territory, while momentum on the MACD seems fairly neutral. BTC is around $62.6k at the time of posting. BTC dominance is holding around 47.2%. The overall cryptocurrency market volume has dipped below $90 billion.

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The BTC weekly candle chart looks pretty strong as of now. While most of the week is still left, if we continue this momentum we may see BTC test its ATH in coming days. The MFI is nearing overbought territory on the weekly candle chart.

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