BTC.D Showing Cracks ?
Hello Traders 🐺
In this idea, I want to talk about one of the key factors driving the crypto market — something we all know plays a major role: BTC Dominance (BTC.D). In my opinion, understanding BTC.D movements gives us a powerful edge if we interpret them correctly.
Let’s break it down:
📉 On the daily chart, we’re seeing clear signs of weakness.
First, there’s a bearish divergence on the RSI. For those unfamiliar, this occurs when price makes a higher high, but RSI makes a lower high. It’s a signal that buying pressure is fading — meaning fewer buyers are stepping in compared to the previous push. This is a classic early sign of a potential trend reversal.
Second, price is forming a rising wedge, which is typically a bearish pattern. If this plays out, we could see BTC.D drop toward the bottom of the wedge, aligning with the ascending channel’s support — where a potential bounce might occur.
📌 But here’s the big picture:
We are very close to what could be the start of Altcoin Season, and I’ve been emphasizing this almost every week. I encourage you to review my previous idea on BTC.D for a deeper perspective (linked below this post).
Stay sharp, stay disciplined — and be ready for the volatility ahead.
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
source https://www.tradingview.com/chart/BTC.D/uvbw094M-BTC-D-Showing-Cracks/
source https://www.cryptomadden.com/2025/06/btcd-showing-cracks.html
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