#BTC DOMINANCE ANALYSIS
BTC Dominance has broken out of the ascending triangle pattern and is currently retesting the breakout level from above. The Ichimoku Cloud is acting as support, indicating underlying strength.
A successful retest would confirm the breakout and likely lead to 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.
