Altcoins Thrive as Dollar Rises, Bitcoin Slow Line Turns Upward
The Bitcoin price is showing signs of a bullish trend despite the rising US dollar. The Slow line on the daily chart has started to turn upward, indicating a macro trend shift.
This development echoes similar trends seen in Ethereum and TetherUS.
Stablecoin dominance is approaching an important weekly confirmation level, with combined stablecoin dominance falling and its RSI reading now below 25.
This indicates a strong bearish downtrend that may continue if confirmed by the market.
Altcoins are breaking long-term resistance, with OTHERS (the total market cap excluding the top 10) confirming a close above overhead resistance.