#BTC DOMINANCE ANALYSIS
BTC.D is moving within a rising wedge on the weekly timeframe, which is technically a bearish pattern. The RSI is in the overbought region and has formed a bearish divergence.
Consequently, we can expect a decline in BTC.D soon. A sustained breakdown of the rising wedge would provide strong bearish confirmation. A downward trend in BTC.D, while BTC moves sideways or bullish, would indicate a bull run in altcoins.
