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📣 BTC DOMINANCE ANALYSIS.
BTC Dominance continues to consolidate within a rising wedge pattern and is currently facing rejection from the resistance trendline. The 21-day moving average is acting as key support just below the price action.
A breakdown below both the 21MA and the wedge’s lower boundary would signal a shift toward bearish momentum, indicating a potential decline in Bitcoin’s relative strength.
Keep in mind, BTC Dominance often moves inversely to the altcoin market cap—continued weakness here could favor altcoin performance.
#Gate Post Highlights #Crypto #moonspid #HotTopicDiscussion #BTC