Good morning friends! ✋

#BTCDominance (BTC.D) is facing resistance in the horizontal supply zone of the ascending triangle formation, with the MA200 “200-day moving average” acting as a resistance barrier above the current price action.

Meanwhile, the MA100 “100-day moving average” is providing support. We need to wait for either a confirmed breakout to the upside or a drop to determine the next move for $BTC dominance.

It is very important to note that#BTCdominance typically has an inverse relationship with altcoin market cap, so a breakout could signal potential bullish momentum for altcoins.