#BTC DOMINANCE ANALYSIS
BTC.D is currently moving within a rising wedge, which technically constitutes a bearish pattern. The RSI has been rejected from the overbought region. A sustained breakdown of the rising wedge would confirm the bearish sentiment, while a bounce from current levels would suggest further consolidation within the wedge.
If BTC.D declines while BTC moves sideways or experiences bullish momentum, this could signal potential bullish momentum for altcoins. Conversely, if BTC.D pumps while BTC moves sideways or experiences bearish pressure, this might indicate a bearish outlook for altcoins.
