BTC Dominance Analysis
Bitcoin dominance has broken down from a rising wedge pattern with significant volume, suggesting a potential bullish rally in the altcoin market.
It is currently trading within a critical horizontal support/resistance zone, with the 100-day moving average serving as a resistance barrier above the price.
A bounce from this level could lead to short-term consolidation, while a breakdown might trigger further downward movement.
It's important to note that Bitcoin dominance often has an inverse relationship with the altcoin market cap.
