𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 ( 𝐁𝐓𝐂.𝐃) 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 🔥🔥
BTC.D is exhibiting a rising wedge on the weekly timeframe, recently encountering resistance at the upper trendline. The Relative Strength Index (RSI) is currently in the overbought territory and hinting at a potential bearish divergence.
A downward break from the current price channel, confirming the rising wedge breakdown, would be a significant bearish signal. A sustained drop below the wedge would further strengthen the bearish outlook.
If both Bitcoin (BTC) and BTC.D decline together, it could indicate capital exiting the crypto currency market as a whole. However, a scenario where BTC.D falls while BTC remains flat or even rises could suggest an upcoming upswing for altcoins.
⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄 𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123
