#bitcoindominance 1-day chart Update :
📉 Bearish Divergence Alert on $BTC.D! RSI Indicator Signals Potential Downward Move on Daily Chart. 📉
Attention, traders and investors! An important technical signal has been identified on the daily timeframe chart of $BTC.D (Bitcoin Dominance).
🔎 The Relative Strength Index (RSI) has revealed a bearish divergence pattern, indicating a potential reversal or downward movement in the near future. This pattern occurs when the RSI forms lower highs while the price continues to make higher highs.
📉 This bearish divergence suggests a possible weakening of the bullish momentum in the Bitcoin dominance index. Traders and investors should exercise caution and closely monitor the price action and subsequent RSI movements.
