BTC DOMINANCE ANALYSIS

BTC dominance has broken out of an ascending triangle pattern with significant trading volume and is currently testing the breakout level. The Ichimoku cloud is acting as a support level.

A successful retest will confirm the uptrend, while a failure may lead to a price return to the pattern.

It is important to note that BTC dominance often has an inverse relationship with the market capitalization of altcoins.

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