#BTC DOMINANCE ANALYSIS
BTC.D is moving within a rising wedge on the weekly timeframe, which is technically a bearish pattern. The 21MA is acting as a support below the wedge.
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.
