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Bitcoin Dominance Rate Struggles to Stay Above 60%
In brief
The BTCD has bounced back up towards 62.80%.
There is significant bullish divergence in both the RSI and the MACD.
The rate is trading inside a short-term descending wedge.
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The Bitcoin Dominance Rate (BTCD) has been on a correction course since May. It's now beginning to show bullish reversal signs, and could soon initiate an upward move. Bitcoin Dominance Divergence At the beginning of August, the Bitcoin dominance rate fell below the long-term 62.80% support area and validated it as resistance. After that, however, it dropped back down to reach a local
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