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#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.
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.