#BTC DOMINANCE ANALYSIS $BTC BTC.D is consolidating within the broadening wedge pattern and is currently trading above the Ichimoku cloud.
The Ichimoku cloud is acting as a key support zone below the current price action. We need to wait for a solid breakout or breakdown to confirm the next directional move.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
💎 Bitcoin stayed calmly within its range throughout the weekend, but on Monday morning, geopolitics knocked it out of balance.
Bottom line: The weekend showed that buyers are holding the level, but they’re not ready to challenge the highs. Monday was a reminder that Bitcoin still reacts to news from the White House faster than to its own headlines.