Bearish Signals and RSI Divergence 

RSI shows a bearish divergence in Bitcoin Dominance. While BTC.D rises, RSI loses momentum. A similar situation occurred in 2021. RSI divergence predicted BTC.D’s collapse, triggering an altcoin season. Analysts suggest that if the trend breaks, capital could flow into altcoins. History indicates the market is ready for a shift. Ethereum’s market dominance has fallen from a 2022 peak of 22.27% to 7.5%. 

Most altcoins have lost significant value from their 2024 highs. For example, Ripple (XRP) is down 37%, Cardano (ADA) 50%, Solana (SOL) 51%, and Tron (TRX) 45%. 

Analysts’ Altcoin Season Prediction 

Ijaz Awan noted that BTC.D is approaching the 71.38%-73.06% resistance zone. This zone marked peaks in 2017, 2019, and 2021. Karman Asghar sees a double-top formation in 2025. Additionally, Asghar demonstrated similarities between the 2021 and 2025 charts. This strengthens expectations for an altcoin season. High BTC.D indicates Bitcoin’s market dominance, while low BTC.D signals altcoin rallies. Furthermore, the total altcoin market cap (Total2) and other coins’ dominance (Others.D) charts show positive RSI divergence and trend reversal signals, reinforcing the likelihood of an altcoin recovery. 

New Opportunities in the Market 

BTC.D’s peak could create opportunities for altcoins. Meanwhile, analysts await a trend break. If capital shifts to altcoins, 2025 could be eventful. BTC.D’s movements will shape the path for altcoins. 

***NOT INVESTMENT ADVICE*** 

The crypto market carries high risk; please conduct your own research before investing. 

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The post Crypto Analyst: Bitcoin Dominance Faces Resistance, Altcoin Season Begins!  appeared first on Coin Engineer.

Bitcoin’s Key Intraday Levels

The BTC/USD pair has lost 1.49% in the last 24 hours and is currently trading at $95,930. Bitcoin (BTC) continued its decline after losing the $98,331 support, retesting it before moving downward. To resume an uptrend, BTC needs to reclaim $98,331 as resistance. The key support levels are $94,886 and $92,053.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has lost 0.36% in the last 24 hours and is currently trading at $2,682. Resistance levels for ETH are at $2,724, followed by $2,877. Support levels are at $2,532 and $2,366.

PancakeSwap (CAKE): The CAKE/USDT pair has gained 9.36% in the last 24 hours and is currently trading at $2.717. Resistance levels for CAKE are $2.859, followed by $3.129. Support levels are at $2.678, with a deeper decline potentially leading to $2.451.

The Graph (GRT): The GRT/USDT pair has gained 3.77% in the last 24 hours and is currently trading at $0.1429. Resistance levels for GRT are $0.1471, followed by $0.1501. Support levels are at $0.1367, with a deeper decline possibly reaching $0.1258.

Ronin (RON): The RON/USDT pair has gained 3.66% in the last 24 hours and is currently trading at $1.295. Resistance levels for RON are $1.316, followed by $1.394. Support levels are at $1.240, with a further decline potentially reaching $1.189.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Story (IP), Official Trump (TRUMP), and Ondo (ONDO).
The top gainers include Story (IP), BTSE Token (BTSE), and Siacoin (SC).
The top losers include Plume (PLUME), Ket (KET), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, a notable $29.38 million liquidation stands at $97,062 on the upper side. On the lower side, the key liquidation level is $95,374, with $24.08 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 17 February appeared first on Coin Engineer.

Let’s take a closer look at Bitcoin’s price structure and market dynamics.

Current Bitcoin Price Structure

Bitcoin is still maintaining a visible upward trend, with a critical support level at $92,400. However, if both the upward trend and this key support level are breached, a potential decline toward the $86,000-$85,000 range could be on the horizon.

4-Hour Bitcoin Chart and Liquidity Levels

A closer examination of the liquidity levels shows a significant accumulation above the $99,000 mark. This clustering of liquidity may indicate a positive sign for the market, as it reflects potential interest in a price recovery.

What’s Next for Bitcoin?

• Key Support and Resistance Zones:
  • Support: $92,400
  • Resistance: $99,000 (liquidity cluster)
• Market Sentiment:
  • The current “extreme greed” sentiment suggests the potential for a market correction, but it also highlights investor confidence in the long term.

Investors are advised to monitor these key levels and market sentiment closely, as any significant movement in liquidity zones or breaking of support could shape the next phase of Bitcoin’s price action.

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The post Bitcoin Drops to $92,000! appeared first on Coin Engineer.