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Now, let’s get to the chart. BTC Dominance is currently holding the 42.4 level. As long as it holds this level it's highly likely we will see some rally in BTC while it reaches the 45.22% level. This will trigger the rally in BTC too, possibly till 46K only if it maintains 38k support.
CONCLUSION:- BTC.D is likely to rise to 45.22% and get a rejection at that point which will eventually trigger the rallies in altcoins against BTC pair.
Invalidation:- Daily close below 40.27
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Click on the above chart for the latest update on BTC Dominance.
BTC rejected from 40k on HTF trendline retest. All significant hourly TFs about to make bearish crosses below 50 RSI. BTCD is breaking out. This means BTC will likely head to sub 30k and ALTS absolutely destroyed.
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A rise in BTC Dom will cause most alts to bleed and lose value about 15-20%