$BTC Bitcoin Dominance Analysis

Bitcoin dominance has repeatedly rejected from the resistance trend line of the ascending wedge pattern. Currently, it is trading above the Ichimoku cloud, which acts as support.

A break below the cloud and the support trend line of the pattern indicates further decline, while a break above the resistance trend line invalidates the bearish pattern.

It is important to note that Bitcoin dominance often has an inverse relationship with the market capitalization of alternative currencies.