๐ BTCDOM Triangle Breakout Analysis โ 1H Chart
๐ BTCDOM (Bitcoin Dominance) is consolidating within a symmetrical triangle, suggesting a breakout is near. Weโre currently testing the upper trendline of the triangle pattern, with both upside and downside potential mapped out.
๐ก What to watch for:
โก๏ธ If breakout happens above 5,380, we could see a bullish surge toward 5,440โ5,480.
โฌ๏ธ If it rejects and breaks below 5,310, expect a sharp drop toward the 5,200 zone.
๐ง Why it matters?
BTCDOM affects altcoin sentiment โ
Rising BTCDOM = BTC strength over alts
Falling BTCDOM = Altcoin rally potential
๐ Chart by @Cryptoholic