#BTC DOMINANCE ANALYSIS
BTC.D has broken below the key ascending support trendline of the symmetrical triangle, which is a bearish signal for BTC.D.
If this breakdown is confirmed with a sustained move below the support zone, further downside toward the lower support levels can be expected. A decline in BTC.D would likely favor altcoins, increasing the chances of an altseason style move.
However, BTC.D needs to remain below the broken trendline; otherwise, a reclaim could invalidate the breakdown and lead to another move toward the upper resistance trendline.
BTC
65,990
+0.41%