BTC Breaks Support

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While BTC is still mostly consolidating in the same area, It has broken slightly below support once more.

Currently, BTC’s indicators are fairly neutral, with the MACD and the MFI ready to potentially move in either direction as BTC continues to consolidate in this range.

BTC’s dominance is continuing to dip as altcoins and Ethereum make some gains. ETH has maintained a steady, yet slow uptrend as BTC dominance dipped and altcoin dominance rises. Currently, BTC dominance is down to 39.3% and ETH dominance is up slightly to 20.4%. Both ETH and altcoin dominance have continued to increase as a variety of altcoins make double digit gains across the market.

ETH is slowly making gains as it prepares to test former support turned resistance. The MFI is looking fairly neutral after testing near overbought territory as the MACD is continuing to swing upwards once more.