The bitcoin dominance rate (BTCD) has fallen below two long-term support levels. BTCD has been on a sharp downward slope since the beginning of the year.
The BTCD is expected to continue decreasing in the long term. The relationship to BTC is negative, meaning that a price increase in the latter is causing a BTCD drop.
For BeInCrypto’s latest bitcoin (BTC) analysis, click here.
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