$BTC Dominance has broken down from the ascending channel and is currently #trading above the horizontal S/R level. The 100MA is acting as a resistance barrier above the price action. A breakdown of this level could trigger further downside, while a bounce from here remains possible. Keep an eye on upcoming price action developments. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. crypto
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#BTC DOMINANCE ANALYSIS
$BTC Dominance has broken down from the ascending channel and is currently #trading above the horizontal S/R level. The 100MA is acting as a resistance barrier above the price action. A breakdown of this level could trigger further downside, while a bounce from here remains possible. Keep an eye on upcoming price action developments. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. crypto