BTC.D - technical analysis on the weekly chart

Xanrox Updated   
CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
The BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation.

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The BTC.D chart is still waiting for the bearish price action. Retest is required.

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