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#BTC DOMINANCE ANALYSIS

BTC.D is facing rejection from the horizontal supply zone of the ascending triangle pattern. The 200MA is acting as a resistance barrier above the current price action.

A further decline from this level remains possible. However, a strong breakout above the pattern would confirm bullish momentum and could lead to further upside in dominance.

It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.

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