I observe that BTC.D is currently in an ascending channel, which poses a risk until this structure breaks beneath the channel. It might move towards the midline and the upper boundary of the channel. However, the weekly RSI, set at 50, does not suggest a bullish trend for BTC.D. I believe that if the weekly RSI surpasses the SMA trend line, it could spell trouble for altcoins, indicating a significant shift in the market dynamics.
