I just checked BTC.D and honestly I really like what I see. This week we had a pullback, but look how quickly it bounced back. That is extremely bullish if you ask anyone who follows the alts, because when dominance retraces so quickly, it means there is strength in the market.

What’s interesting is that I’m seeing two key levels where BTC.D could encounter resistance. First is that upper quadrant on the weekly chart that we all know, and then we have the Fibonacci retracement level on the daily range that also plays an important role. If BTC.D manages to break these levels convincingly, we’re talking about a pretty bullish scenario for the rest of the market.

What has me attentive is that a clear upward movement is forming, but the market still has too much uncertainty. Between geopolitical issues and the lack of regulatory clarity, traders are being cautious. But honestly, I believe that once that fog lifts, we’ll see BTC.D continue its bullish move.

In summary, BTC.D’s technical setup looks solid. We just need the market to gain confidence. Of course, I do this without financial advice, so do your own research.