#BTC DOMINANCE ANALYSIS
BTC.D is currently trading within a rising wedge on the weekly timeframe and encountering resistance at the wedge’s upper trendline—a formation typically viewed as bearish.
The 21MA is acting as support just below. This setup suggests a potential decline in BTC.D in the near term, with a decisive breakdown of the wedge providing strong bearish confirmation.
Should BTC.D trend lower while Bitcoin remains stable or bullish, this could signal the onset of an altcoin bull run.
