🚀Bitcoin Dominance Analysis
Bitcoin Dominance is consolidating within a symmetrical triangle and trading above the support line. The 50MA acts as support, and the price is inside the Ichimoku cloud. A strong breakout up or down is needed to confirm further movement.
👉 It is important to note that Bitcoin Dominance often has an inverse relationship with the capitalization of altcoins. This means that a breakout down may signal a possible growth of altcoins.