BTC.D is currently rebounding from the support trendline of a symmetrical triangle #pattern and #trading below the resistance trendline. A strong breakout above the #pattern would confirm a #bullish trend. However, if it faces rejection at the resistance trendline, we could see another drop from this level. Keep a close eye on further price action for confirmation of the next move. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. #crypto
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#BTC DOMINANCE ANALYSIS
BTC.D is currently rebounding from the support trendline of a symmetrical triangle #pattern and #trading below the resistance trendline. A strong breakout above the #pattern would confirm a #bullish trend. However, if it faces rejection at the resistance trendline, we could see another drop from this level. Keep a close eye on further price action for confirmation of the next move. It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap. #crypto