Several crypto traders are observing the formation of a distinct ascending triangle pattern on the Bitcoin dominance chart, indicating a potential rise in Bitcoin's market dominance. However, there are dissenting opinions suggesting an alternate outcome.

Crypto trader Benjamin Cowen, founder of Into The Cryptoverse, conveyed to his substantial following on March 27th that the "BTC dominance train" is poised for departure, citing the formation of an ascending triangle pattern, which typically occurs when prices consolidate between an upward trendline support and a horizontal resistance trendline.

Another trader, known as "Beanie," shared a similar sentiment with their followers, indicating a resurgence in Bitcoin's dominance, especially during bear markets when investors seek its stability as a safe haven amidst the volatility of other digital assets.

Despite Bitcoin's recent record-breaking performance, Beanie noted parallels with the 2018 bear market rather than the bullish trend of 2021, emphasizing a shift in market dynamics.

While Bitcoin's dominance currently stands at 50.1%, according to CoinStats data, not all traders agree with the optimistic outlook. Some, like crypto trader Zero Ika, argue that Bitcoin's dominance is on a long-term downward trajectory, as evidenced by a macro perspective analysis considering logarithmic charts.