#BTC.D Analysis – Key Insight for Altcoins
BTC dominance (BTC.D) is approaching a critical resistance level, and this is where we often see shifts in the market. Based on my 7 years of experience, if BTC.D reaches resistance and starts showing weakness, we could see money flowing into altcoins. However, the key to altcoin rallies is their BTC pairs, and this should be taken very seriously.
Why BTC Pairs Matter for Altcoins:
Strength in BTC Pairs = Altcoin Momentum:
For altcoins to pump, they must show strength against Bitcoin in their BTC pairs. It’s not just about USD price—BTC pairs reflect true capital flow into altcoins compared to Bitcoin.
BTC.D at Resistance = Opportunity for Altcoins:
If BTC.D gets rejected at its main resistance, it creates a chance for altcoins to shine. But this will only happen if their BTC pairs confirm strength. Without strong BTC pairs, an "alt party" will struggle to materialize.
Conclusion:
Altcoin rallies don’t happen randomly. They require BTC pairs to be strong, and BTC.D to show signs of reversal from resistance. Right now, the market is waiting for BTC.D to hit its key resistance zone. Be patient, and closely monitor BTC pairs—they are the key driver for any significant altcoin pump.
Why BTC Pairs Matter for Altcoins:
Strength in BTC Pairs = Altcoin Momentum:
For altcoins to pump, they must show strength against Bitcoin in their BTC pairs. It’s not just about USD price—BTC pairs reflect true capital flow into altcoins compared to Bitcoin.
BTC.D at Resistance = Opportunity for Altcoins:
If BTC.D gets rejected at its main resistance, it creates a chance for altcoins to shine. But this will only happen if their BTC pairs confirm strength. Without strong BTC pairs, an "alt party" will struggle to materialize.
Conclusion:
Altcoin rallies don’t happen randomly. They require BTC pairs to be strong, and BTC.D to show signs of reversal from resistance. Right now, the market is waiting for BTC.D to hit its key resistance zone. Be patient, and closely monitor BTC pairs—they are the key driver for any significant altcoin pump.
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.