Bitcoin Dominance is currently consolidating within an ascending triangle pattern, trading immediately below a significant horizontal supply zone.
Technical indicators, specifically the Ichimoku Cloud, are providing foundational support for the current price action. At this stage, market participants should await a confirmed breakout above resistance or a breakdown below support to establish a definitive directional bias.
Strategic Note: Historically, #BTC Dominance maintains an inverse correlation with the aggregate altcoin market capitalization. A rejection from this supply zone may catalyze increased liquidity flow into altcoin positions.
BTC
66,001.01
-0.19%