VIP MARKET UPDATE: $BTC DOMINANCE ➖➖➖➖➖➖➖ BTC.D is currently forming an ascending triangle pattern and is approaching a key horizontal resistance level. A rejection at this level could lead to a potential pullback, while a breakout followed by a successful retest of the triangle would serve as a strong bullish confirmation.
It's important to note that BTC dominance typically moves inversely to the altcoin market cap, meaning a surge in dominance could signal weakness in altcoins. In contrast, a rejection may allow altcoins to gain momentum. ➖➖➖➖➖➖➖
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VIP MARKET UPDATE: $BTC DOMINANCE
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BTC.D is currently forming an ascending triangle pattern and is approaching a key horizontal resistance level. A rejection at this level could lead to a potential pullback, while a breakout followed by a successful retest of the triangle would serve as a strong bullish confirmation.
It's important to note that BTC dominance typically moves inversely to the altcoin market cap, meaning a surge in dominance could signal weakness in altcoins. In contrast, a rejection may allow altcoins to gain momentum.
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