#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from the rising wedge pattern with significant volume and is currently trading above a key horizontal (S/R) level. The price is also moving within the Ichimoku Cloud, indicating potential indecision.
A breakdown below both the S/R level and the cloud would signal further downside, while a bounce from this zone remains a possibility.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
