BTC Dominance Analysis

BTC Dominance has recently broken down from the rising wedge pattern with considerable volume and is currently trading above a crucial horizontal support/resistance level. The price is also within the Ichimoku Cloud, suggesting potential indecision.

A drop below both the support/resistance level and the cloud would indicate further downside, while a rebound from this area is also possible.

It's important to note that BTC Dominance often has an inverse relationship with the altcoin market cap.