#BTCD — Can It Drop and Spark an Alt Rally? 🚀

On the daily timeframe, $BTCD is now sitting right on its bullish channel support formed since September — a must-watch chart if you’re an altcoin trader 👀

Although $BTCD has been moving up, the rise looks corrective, more like a #retracement than a real bullish push. RSI is also sitting below 50, showing weakening momentum and adding to the bearish bias 📉

If the daily candle breaks and closes below the #trendline support, #altcoins could be in for a solid rally 🌊

$BTC

BTC

66,748.23

+1.26%