Bitcoin ($BTC ) dominance is currently trading within a symmetrical triangle pattern and inside the Ichimoku Cloud, signaling a period of indecision. A breakout or breakdown from this structure will likely determine the next major market direction.
Historically, $BTC dominance shares an inverse relationship with the altcoin market cap. A breakdown in dominance could ignite bullish momentum for altcoins, offering opportunities for traders in the broader crypto space.
Stay vigilant for further developments, as the next move could set the tone for both Bitcoin and altcoin markets.
Disclaimer: This is not financial advice.
