#BTC DOMINANCE ANALYSIS

BTC Dominance is encountering resistance at the horizontal supply zone of the ascending triangle pattern, with the 200-day moving average acting as a resistance barrier above the current price action.

Meanwhile, the 100-day moving average is providing support. We need to wait for a confirmed breakout or breakdown to determine the next move for BTC Dominance.

It's crucial to note that BTC Dominance typically has an inverse relationship with the altcoin market cap, so a breakdown could signal potential bullish momentum for altcoins. Stay alert for further developments.