#BTC DOMINANCE ANALYSIS
BTC Dominance has been repeatedly rejected from the resistance trendline of the rising wedge pattern.
Currently, it is trading above the Ichimoku Cloud, which is acting as support.
A breakdown below the cloud and the pattern’s support trendline would signal further downside, while a breakout above the resistance trendline would invalidate the bearish pattern.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.