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Relief Rally for the Bitcoin Dominance Rate Before the Final Drop
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- BTCD has been decreasing since May 7.
- The rate has created a short-term triple bottom pattern.
- The rate is in a long-term correction which could end near 58%.
The Bitcoin Dominance Rate (BTCD) has reached an important support area, which is likely to initiate a bounce. However, the trend is still bearish, and the downward move should resume after the bounce. Current Support The Bitcoin dominance rate has been decreasing since May 7, when it reached a high of 68.92%. The decline has been swift, especially after June 21. On this date, the rate
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