cryptoninjas

❌ Trap pattern being triggered on the BTC dominance chart.❌ 

Bitcoin's (BTC) dominance is an indicator that shows BTC's share in the total cryptocurrency market. When there's a "trap" on the chart, it's a reversal signal, meaning BTC might lose strength and give room for altcoins. If Bitcoin's dominance drops, it could indicate that investors are shifting towards altcoins, which could lead to a significant rise in them. This movement may be caused by BTC consolidation, market cycles, or factors specific to altcoins.