BTC.D has been facing resistance in a robust supply zone, with the Relative Strength Index (RSI) showing rejection from the overbought region.
Furthermore, there is evidence of bearish divergence, and the Moving Average Convergence Divergence (MACD) crossover suggests the presence of bearish momentum.
These multiple indications point towards a potential downward trajectory for BTC.D.
In the event that BTC remains range-bound or experiences a bullish movement while BTC.D declines, it implies a shift of capital towards alternative cryptocurrencies (Alts) and signals the possibility of a bullish rally in that market segment.
