BTC.D can it go up for ever?

BTC.D: A Long-Term Weekly Analysis of Bitcoin Dominance
This post is about the overall long-term trend of BTC.D, not the day-to-day action. All analysis is based on the weekly timeframe.

Fundamental Catalysts for a Trend Change
A significant downturn in Bitcoin Dominance would likely be preceded by a combination of these factors:

• US Rate Cuts: An increase in market liquidity from easier monetary policy could fuel a
  broader crypto rally, benefiting altcoins.
  
• Shift in Retail Interest: A rotation of attention towards altcoins, which can be tracked by
  crypto-related content views. (Note: The rise of AI Search may alter how we track this
  compared to traditional Google search metrics).
  
• "Bitcoin is Expensive" Sentiment: As BTC's price becomes psychologically high for retail
  investors, they often look for higher potential returns in lower-priced altcoins.
  

Technical Readout (Weekly Chart)
1. Price Action & 50 SMA

So far, I'm not seeing any signs of a trend change in the price action itself. A decisive break and hold below the 50-week SMA would be a strong indicator of a major trend change. However, other indications will likely appear before that happens.

2. MACD Indicator

Currently, even a bearish MACD crossover on this timeframe would not be enough to confidently signal a larger trend reversal. It could easily just be part of a short-term pullback or consolidation.

3. Diagonal Trendline On RSI

A failure to move above the yellow diagonal trendline could be an early sign of weakness. However, on its own, this is not a strong indicator and requires other signals for confirmation.

4. Stochastic RSI

There is nothing worth mentioning on the Stochastic RSI at this time; it is not providing a clear signal.

Disclaimer:

The information provided in this post is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. All investments involve risk, and the past performance of a security, market, or trading strategy does not guarantee future results. I am not a financial advisor. Please conduct your own thorough research and consult with a qualified financial professional before making any investment decisions. You are solely responsible for any investment decisions you make.