The current Bitcoin dominance chart resembles that of the “2018-2019 bear market,” crypto trader “Beanie” wrote on X.
A clear ascending triangle is forming on the Bitcoin dominance chart, signaling a potential surge in Bitcoin’s (BTC) market share, according to several crypto traders. Some, however, argue it’s going to go the other way.
“The BTC dominance train is about to leave the station,” crypto trader and Into The Cryptoverse founder Benjamin Cowen declared to his 810,700 followers in a March 27 X post.
An ascending triangle pattern on a chart develops when the price consolidates between an upward trendline support and a horizontal resistance trendline.