The Bitcoin dominance rate (BTCD) is trading at a long-term ascending support line that has been in place since the beginning of February. Technical indicators suggest that the BTCD will break down from this line. Ascending Bitcoin Support Line The Bitcoin dominance rate has been following an ascending support line since Feb 14. At the time of press, it was trading on top of his
Bitcoin Dominance Rate in a ‘Make or Break’ Position
The Bitcoin dominance rate appears to be close to breaking down from an ascending support line.
A bearish cross has transpired between the 50 and 200-day MAs.
BTCD is following a longer-term descending resistance line.
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