BTC.D Are We in bullrun ? | BTC.D on Fibonacci Level

💀 Hey , how's it going ? Come over here — Satoshi got something for you !

⏰ We’re analyzing BTC.D on the 1-Week timeframe .

🔜 On the weekly timeframe of Bitcoin dominance, here’s what we observe :
👀 In the weekly Bitcoin dominance chart , we had a sharp 46% drop after the Bitcoin halving in 2021, which led to the altcoin party .

🎮 Today, for the first time , its figures were adjusted and turned into a custom Fibonacci , drawn on the chart as follows :
Our starting point in the Fibonacci is at the beginning of 2023 , from the breakout above 40.87 to the peak at 66.03, which, in terms of timing, coincides with the Bitcoin halving .
A strong rejection from the 0 Fibonacci level caused a move towards the 0.13 level . A strong whale candle broke below this level , followed by a pullback to it, and then we moved towards the 0.23 level. With a break below the 0.23 level and losing that low , we can say that our bull run has started .


⚙️ Our key RSI zone is drawn at 41.49 . On the first touch of this area , we bounced and moved towards the 50 level , but were then rejected from 50 and moved towards the current low . Once this low is broken , we can say the altcoin party has begun .

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .