#BTC DOMINANCE ANALYSIS

BTC Dominance has broken down from the ascending channel and is currently trading above the horizontal S/R level. The Ichimoku cloud is acting as a resistance barrier above the price action.

A breakdown of this level could trigger further downside, while a bounce from here remains a possibility. Keep a close watch on the upcoming price action developments.

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

$BTC $ETH $XRP #BNBBreaks1000 #BinanceHODLerBARD #FedRateCut25bps #BNBChainEcosystemRally #BinanceHODLerAVNT