BTC Dominance & RSI – Bullish Breakout with Momentum Divergence
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
RSI Breakout from Downtrend Line (8H)
• RSI broke out from a descending trendline after bouncing from a long-term rising support.
• This indicates a possible momentum reversal, confirming bullish divergence strength.
• The breakout is accompanied by a sharp recovery in RSI value from the 37–40 range.
BTC Dominance Price Action (8H)
• BTC.D has broken out from a descending structure after a double-bottom and trendline retest.
• Price has reclaimed the 65.5% zone, confirming the breakout with strength.
• Structure: HH → HL → Breakout = bullish continuation likely.
• Key support remains at 65.05% (0.236 Fib), while a move above 65.66%–65.79% (Fib confluence zone) will confirm further upside.
source https://www.tradingview.com/chart/BTC.D/04msezMd-BTC-Dominance-RSI-Bullish-Breakout-with-Momentum-Divergence/
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