Bitcoin: Dominance Weakens at Key Support
Bitcoin dominance returns to 18-month support at current BTC price of $67316, opening door for altcoins as RSI hits 26.94 oversold on 4h chart.
SourceAnalysis
Bitcoin dominance has retreated to the same support zone that held across the past 18 months, a setup @RhythmicAnalyst flags as constructive for altcoins.
Price action on the 4h chart shows BTC trading inside the Bollinger Bands with the lower band at $65034.53 acting as immediate floor while the EMA50 at $72335.43 and EMA200 at $75697.93 remain overhead resistance; the MACD death cross at -1896.33 confirms the bearish structure yet the RSI at 26.94 signals oversold conditions that often precede short-term relief bounces before any sustained move lower.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.