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#BTC DOMINANCE ANALYSIS
BTC Dominance is rebounding from the support trendline of an ascending triangle pattern and is now attempting to break through its horizontal supply zone. The Ichimoku Cloud is also indicating bullish strength, supporting the upward momentum.
A decisive breakout from the pattern could trigger the next significant move. Keep an eye on price action for confirmation of a sustained breakout or potential rejection.
It's crucial to note that BTC Dominance typically has an inverse relationship with the altcoin market cap, so a breakout could signal potential bearish momentum for altcoins.
#Join Honor Credits Draw & Win MacBook Air and Merch #BTC & ETH Market Analysis #April Market Outlook