BTC.Dominance
Forming a converging triangle at a major resistance level of 48-49%. The current breakout of BTC.D will define the upcoming Bitcoin trend. A bullish breakout would aim to go over the 50-52% barrier, which would likely help Bitcoin challenge again into the 30-32k range.
Any breakdown of the formation, on the other hand, will likely target the 45-44% region, further weakening the already fragile Bitcoin.
Keep an eye on BTC.D to have a lead on Bitcoin.
Link:
https://www.tradingview.com/x/NsskkFhs/