BTC Dominance has cleanly retested the breakdown from its rising wedge pattern after failing to break the key resistance zone.
This retest is a critical point if sellers maintain control here, dominance could trend lower toward the next support range, potentially sparking an altcoin relief rally.
However, a reclaim above this breakdown zone would invalidate the bearish setup and shift momentum back in Bitcoin’s favor.
DYOR, NFA
This retest is a critical point if sellers maintain control here, dominance could trend lower toward the next support range, potentially sparking an altcoin relief rally.
However, a reclaim above this breakdown zone would invalidate the bearish setup and shift momentum back in Bitcoin’s favor.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.