The Bitcoin dominance rate has been following a descending resistance line since May 14
The rate is trading inside a short-term symmetrical triangle and has fallen below the 200-hour MA.
BTCD and the Bitcoin price are positively correlated.
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The Bitcoin dominance rate (BTCD) is decreasing alongside a descending resistance line from May 14. The price made an attempt to break out in the early hours of June 9 but was swiftly rejected and has fallen back since.
Resistance Holding Strong
BTCD is following a descending resistance line formed from May 14. Yesterday, the rate briefly touched the line for the fourth time but was