#BTC DOMINANCE ANALYSIS
BTC.D is rebounding from the support trendline of the rising wedge pattern and is currently trading above the Ichimoku cloud, which is acting as support.
A breakout above the wedge resistance trendline would invalidate the pattern and signal further upside.
On the other hand, a breakdown below the wedge support would confirm further downside in BTC #dominance .
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
BTC.D is rebounding from the support trendline of the rising wedge pattern and is currently trading above the Ichimoku cloud, which is acting as support.
A breakout above the wedge resistance trendline would invalidate the pattern and signal further upside.
On the other hand, a breakdown below the wedge support would confirm further downside in BTC #dominance .
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.