According to the 1hr chart, BTC is forming a rising wedge pattern as well as a bearish divergence from MACD and RSI indicators. With a bearish pattern and higher highs with dropping momentum, we should expect a drop in BTC prices over the next couple of days. Prediction of drop in price is only for the next couple of days since these bearish signals are on the...
Some light analysis on BTC Dominance chart. 57% is a key level as it is an established support line. If BTC Dominance breaks below this support line, we should expect to see a rise in altcoin prices as the profits from selling BTC are used to buy altcoins. If BTC Dominance bounces off the support line, we should expect a continued rise in BTC prices and...
