Been keeping an eye on this BTC.d breakout of the range for several weeks. It is remaining above the range that it was stuck in (< 48%), and has been consolidating above that level. This setup looks bullish, but will likely be bearish for the rest of crypto because the macro charts look bearish for BTC. If BTC.d confirms this range retest and continues to push higher, it could be detrimental to most altcoins. This isn’t a chart that will play out overnight, but very worthwhile to keep an eye on for monitoring major market sentiment.
Been keeping an eye on this BTC.d breakout of the range for several weeks. It is remaining above the range that it was stuck in (< 48%), and has been consolidating above that level. This setup looks bullish, but will likely be bearish for the rest of crypto because the macro charts look bearish for BTC. If BTC.d confirms this range retest and continues to push higher, it could be detrimental to most altcoins. This isn’t a chart that will play out overnight, but very worthwhile to keep an eye on for monitoring major market sentiment.