• The Bitcoin dominance rate has created two ranges, a longer-term one between 39.5-68.5% and a shorter-term one between 52.5-62.5%
  • In February 2020, the three-day RSI reached its lowest level since 2017.
  • The Bitcoin dominance rate has broken down from a long-term ascending support line.
The Bitcoin dominance rate has been increasing since Feb. 15. Since then, it has been trading inside a neutral area between two trading ranges, with its future direction being still unclear. Well-known cryptocurrency trader @Altcoinsherpa posted a long thread about the Bitcoin dominance rate (BTCD), eventually coming to the conclusion that June would be a good time to exit her altcoin
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Valdrin Tahiri

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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