#BTC DOMINANCE ANALYSIS
BTC.D is consolidating within the symmetrical triangle pattern and is currently trading below the resistance trendline.
The 100MA is acting as a key resistance barrier above 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 symmetrical triangle pattern and is currently trading below the resistance trendline.
The 100MA is acting as a key resistance barrier above 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.
