#BTC DOMINANCE ANALYSIS
BTC.D is facing rejection from the horizontal supply zone of the ascending triangle pattern, while the Ichimoku cloud is acting as a key support zone.
A solid breakout above the supply zone could trigger further upside in Bitcoin Dominance, while a breakdown below the cloud could signal further downside.
We need to wait for a confirmed breakout or breakdown to determine the next directional move. Keep a close eye on upcoming price action.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
$BTC
BTC.D is facing rejection from the horizontal supply zone of the ascending triangle pattern, while the Ichimoku cloud is acting as a key support zone.
A solid breakout above the supply zone could trigger further upside in Bitcoin Dominance, while a breakdown below the cloud could signal further downside.
We need to wait for a confirmed breakout or breakdown to determine the next directional move. Keep a close eye on upcoming price action.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
$BTC
