$BTC DOMINANCE ANALYSIS

Bitcoin Dominance is currently trading within the horizontal demand zone of a descending triangle pattern.

The Ichimoku Cloud is acting as a resistance barrier, indicating bearish momentum.

A breakdown of this structure could lead to further downside in dominance, potentially fueling a bullish rally in the altcoin market.

However, a rebound from this demand zone is also possible, so keep a close eye on price action for confirmation.

It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.#BTCETFFeeRace

BTC
BTCUSDT
68,048.9
+0.48%