$BTC DOMINANCE
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📉 Bitcoin dominance continues to move within a long-term symmetrical triangle: since 2017, lower highs have been forming, and since 2018, higher lows.
🚫 Recently, BTC.D faced strong resistance at the 66% level and broke the ascending dotted trend line around 60%, indicating weakness.
⚡ Such a breakout may signify a redistribution of strength in favor of altcoins and increase the likelihood of the beginning of an alt season.
📊 It is important to watch for support at 55% in the short term.
🔄 However, a return above 60% will regain control of dominance for Bitcoin.
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✨Conclusion: chances for an alt season 📈🔥, but it all depends on whether BTC.D can hold above 55% or return to 60%. 🧐
