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#BTC# DOMINANCE ANALYSIS
$BTC Dominance has broken out of the ascending triangle pattern and is currently retesting the breakout level from above. The Ichimoku Cloud is acting as support, indicating underlying strength.
A successful retest would confirm the breakout and likely lead to further upward movement. However, if the retest fails, $BTC Dominance may re-enter the pattern and continue consolidating within it.
It’s important to note that $BTC Dominance often shares an inverse relationship with the #altcoin market cap.
#crypto