Bitcoin BTC selloff Flash News List | Blockchain.News
Flash News List

List of Flash News about Bitcoin BTC selloff

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09:09
ALT/BTC Strength During BTC Selloff: 9.44% Rise vs 24.15% BTC Drop Signals Altcoin Seller Exhaustion, RSI/MACD Extremes

According to @BullTheoryio, BTC is down 24.15% in November while the ALT/BTC ratio is up 9.44%, a rare divergence that signals altcoin seller exhaustion based on their chart analysis. According to @BullTheoryio, daily RSI is the lowest in 2 years, weekly RSI is back to January 2023 levels, and daily MACD has hit its lowest reading on record, readings the author says typically mark local bottoms. According to @BullTheoryio, when BTC transitions to sideways or a slow reversal, altcoins historically outperform in both BTC and USD pairs as positioning resets, leverage is cleared, and seller pressure fades. According to @BullTheoryio, traders should watch ALT/BTC breaking up from its base, BTC approaching major support with deeply oversold indicators, and BTC dominance struggling to rise during the dump as signals that liquidity is rotating toward higher-beta assets.

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