Bitcoin dominance has broken through the descending triangle boundary on high volume — a signal of increased bearish pressure.☁️ The Ichimoku cloud confirms the negative scenario, indicating the potential for further decline.
⚠️ Important: BTC dominance has an inverse correlation with the growth of altcoins. A decrease in dominance may act as a catalyst for seasonal growth of #ALT 👀
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#BTC DOMINANCE ANALYSIS
Bitcoin dominance has broken through the descending triangle boundary on high volume — a signal of increased bearish pressure.☁️ The Ichimoku cloud confirms the negative scenario, indicating the potential for further decline.
⚠️ Important: BTC dominance has an inverse correlation with the growth of altcoins. A decrease in dominance may act as a catalyst for seasonal growth of #ALT 👀