#BTC DOMINANCE ANALYSIS

BTC dominance is consolidating inside a symmetrical triangle and is currently trading above the support trendline. The 50-period moving average (50MA) is providing support, while the price remains inside the Ichimoku Cloud. A breakout to the upside or downside is required to confirm the next move.

It is important to note that BTC dominance usually has an inverse relationship with the market cap of altcoins. This means that a breakout to the downside could indicate a potential bullish momentum for altcoins.