BTC.D is currently moving within a symmetrical triangle and trading above the trendline support, while the Ichimoku cloud continues to act as resistance.
A bounce from the current support level followed by a breakout and successful retest of the triangle would confirm bullish momentum. On the other hand, a breakdown and retest below the triangle would confirm a bearish scenario.
It is important to note that BTC Dominance usually moves inversely to the altcoin market cap, meaning a rise in BTC.D often puts pressure on altcoins, while a decline tends to favor altcoin growth.
