๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ( ๐๐๐.๐) ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐ฅ๐ฅ
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.
โก ๐ ๐ผ๐ฟ๐ฒ ๐๐น๐ฝ๐ต๐ฎ, ๐๐ผ๐ถ๐ป ๐จ๐, ๐๐ผ๐น๐น๐ผ๐ ๐จ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ ๐จ๐ โก @Techandtips123
