BTC Dominance Analysis

BTC Dominance has broken out of its ascending triangle pattern and is now retesting the breakout level from above. The Ichimoku Cloud is providing support, indicating underlying strength.

A successful retest would confirm the breakout and likely result in further upward movement. However, if the retest fails, BTC Dominance may re-enter the pattern and continue consolidating within it.

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