Bitcoin News Today: Fed Policy Shifts and Bullish RSI Signal Altcoin Outperformance Over Bitcoin

Altcoins are gaining attention as the Federal Reserve signals a potential shift in monetary policy, which could lead to a reversal in market dynamics favoring alternative cryptocurrencies over Bitcoin. Recent technical indicators, particularly bullish RSI divergence and key support levels in the Others/BTC ratio, suggest that altcoins may soon outperform Bitcoin. Analysts, including TedPillows, highlight that the Fed’s anticipated decision to end quantitative tightening (QT) and initiate rate cuts—potentially as early as September—could serve as a catalyst for this trend [1].

The Others/BTC ratio has recently revisited the 0.11 support level, a historically significant bottom zone that has previously triggered short-term altcoin rallies. This pattern, combined with a repeated rebound from historical lows, indicates growing momentum for altcoins. The Relative Strength Index (RSI) at 43.28 shows bullish divergence, with higher lows forming even as price action reaches lower levels. This divergence is a technical signal that often precedes altcoin price recoveries [1].

While the ratio remains below the critical resistance range of 0.13–0.135, a decisive breakout above this zone would be essential to confirm a sustained trend shift. Previous rallies have seen the ratio reach between 0.14 and 0.15, making those levels key targets for future performance. However, the strength of the 0.11 support must hold for the recovery scenario to remain valid. A breakdown below this level would undermine the bullish outlook [1].

Analysts emphasize that the anticipated end of QT and the start of rate cuts are likely to boost altcoin performance. This expectation is supported by the technical indicators currently in play, which align with the historical behavior of the market. The convergence of these factors—Fed policy, technical analysis, and market sentiment—positions altcoins for potential outperformance in the near term [1].

The significance of the Others/BTC ratio lies in its ability to reflect altcoin dominance relative to Bitcoin. A rising ratio indicates that altcoins are gaining strength, while a falling ratio suggests Bitcoin is maintaining its dominance. RSI divergence plays a crucial role in identifying potential market reversals, as it highlights shifts in momentum that may precede price recoveries [1].

Investors are advised to closely monitor the 0.11 support level and the resistance zone above 0.13–0.135 for signs of a confirmed trend shift. These levels will serve as critical benchmarks in determining whether altcoins can sustain their upward momentum against Bitcoin [1].

Source: [1] Altcoins Could Potentially Outperform Bitcoin Amid Fed Policy Shifts and Bullish RSI Signals [https://en.coinotag.com/altcoins-could-potentially-outperform-bitcoin-amid-fed-policy-shifts-and-bullish-rsi-signals/]