Bitcoin Dominance Forms Bearish Pattern, Signaling Potential Shift in Altcoin Performance

Bitcoin dominance (BTC.D) shows signs of a bearish reversal as it clings to the 64.55% level within a rising wedge pattern. While recent price action has been influenced by an RSI-driven pullback, traders anticipate a possible breakdown that could trigger a market shift towards major altcoins. The chart reveals Bitcoin dominance consolidating near resistance levels at 65%, with a visible downward trendline hinting at a potential downward movement toward the 62% support zone. This suggests a weakening momentum for BTC, and possibly an increase in market share for other digital assets. A possible breakdown of this rising wedge could trigger a capital rotation into altcoins.