#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from a rising wedge pattern with significant volume, indicating potential weakness. It is currently trading within the Ichimoku Cloud, which is acting as a key support zone.
A clear breakdown below the cloud would signal further downside in dominance. This could trigger another bullish rally in the altcoin market—watch closely for confirmation.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.$BTC