$BTC.D prediction based on the current situation.
BTC.D has been climbing steadily since the start of this bull run. It’s often said that an altseason begins when BTC dominance drops below 55%. However, the 54% level appears to be a strong support zone, with the MACD showing a low point and the RSI entering oversold territory.
My analysis suggests that BTC dominance has established a range between 59% and 55%. It’s likely to bounce off the top resistance, pushing dominance back toward the support.
If the next drop breaks through this support, it could finally trigger a true altseason.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.