#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.
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.
