BTC Dominance is consolidating within a symmetrical triangle and currently trading above the support trendline. The 50MA is providing support, while the price remains within the Ichimoku Cloud. A successful breakout or breakdown is needed to confirm the next move.
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#BTC DOMINANCE ANALYSIS
BTC Dominance is consolidating within a symmetrical triangle and currently trading above the support trendline. The 50MA is providing support, while the price remains within the Ichimoku Cloud. A successful breakout or breakdown is needed to confirm the next move.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap, meaning a breakdown could indicate potential bullish momentum for altcoins.
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