Exclusive Altcoin Season Rages as Bitcoin Dominance (BTCD) Slides

2 mins
3 May 2021, 10:40 GMT+0000
Updated by Kyle Baird
3 May 2021, 10:40 GMT+0000
In Brief
  • BTCD has broken down below the 53% and 49.7% support levels.
  • There is support at 43.5% and 35.4%.
  • Weekly and daily indicators are bearish.
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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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