Analyzing the Recent Bitcoin Decrease and Its Effect on the Dominance Rate

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The Bitcoin dominance rate has broken down below a long-term ascending support line, indicating that its two-year-long bullish trend has ended and the time has finally come for altcoins to increase at a faster rate than BTC. Bitcoin (BTC) Highlights The Bitcoin price is trading inside a short-term range between $9650 and $9150. It is trading inside a descending channel. The
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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