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Exclusive Altcoin Season Rages as Bitcoin Dominance (BTCD) Slides

2 mins
Updated by Kyle Baird
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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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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)
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