As the Bitcoin Dominance Rate Decreases, Will Altseason Begin? [Premium Analysis]

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The Bitcoin dominance rate reached a high of 70.86% on January 8. It has been decreasing since. Highlights The Bitcoin dominance rate broke down below an ascending support line. The 100- and 200-day moving averages (MA) have made a bearish cross. There is resistance at 71%. There is support at 63 and 61%. The rate has created a short-term descending

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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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