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I've been observing BTC.D for a while, and honestly, it looks quite promising right now. This week we experienced a pullback, but the interesting part was that the market rebounded immediately, which is extremely bullish for altcoins.
From a technical perspective, BTC.D is showing clear resistance. I see two key levels that are playing an important role: first, the upper quadrant of the weekly chart acting as a rejection zone, and then the Fibonacci retracement level on the daily timeframe that is also significant.
My feeling is that an upward movement is brewing. The market is all set, but it needs to resolve the uncertainty that’s holding it back. I’m talking about geopolitical issues and that lack of regulatory clarity that we’re all waiting for to be defined.
Once that’s resolved, I believe we’ll see BTC.D break through those resistance levels. For now, we just need to watch these technical points and wait for the catalyst to trigger the move.
NFA/DYOR, as always.