BTC Dominance Facing Resistance Soon! (Where To Next?)
Bearish signals coming from the chart
- We have low and decreasing .
- divergence showing up on the and .
- Strong resistance ahead.
Our main scenario is marked with arrows on the chart. The situation can easily change if the next resistance at 74.84 is broken with good strength and .
If BTC .D fails to reach 74.84 and close above it, it is very likely to move lower as shown on the chart.
On a drop , the first/main level to be tested would be 69.11 or EMA10. A new update will be shared based on how the charts behave.
Thanks a lot for reading.
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