BTC Dominance weakness of uptrend

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Bitcoin's dominance has failed to establish a new high, suggesting a significant weakening and a lack of upward momentum. This failure strongly indicates that Bitcoin's dominance is poised for a reversal from this point, potentially initiating a new downtrend. Furthermore, a compelling bearish divergence is forming on Bitcoin's dominance on the weekly timeframe's Relative Strength Index (RSI). This bearish divergence is a robust indicator of a potential trend reversal. Considering these factors, there is a high probability of witnessing a decline in Bitcoin's dominance in the near future.

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