#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from the rising wedge pattern with significant volume, signaling a potential bullish rally in the altcoin market.
It is currently trading within a key horizontal support/resistance zone, with the 100MA acting as a resistance barrier above the price.
A bounce from this level may lead to short-term consolidation, while a breakdown could trigger further downside movement.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
