BTC Dominance Analysis
Currently, BTC.D is trading within a rising wedge pattern on the weekly timeframe, which is typically considered bearish. The Ichimoku Cloud is offering support just below the wedge, suggesting that a potential breakdown might be on the horizon. If BTC.D breaks down and continues trending downward, especially while Bitcoin remains sideways or bullish, this could signal the start of a major altcoin bull run. A sustained breakdown of the wedge would provide strong bearish confirmation for BTC.D, setting the stage for altcoins to gain momentum. Stay vigilant for key support levels and potential shifts in market dynamics!
