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The Bitcoin Dominance Rate Finally Breaks Out
In brief
The Bitcoin dominance rate has broken out from a long-term descending resistance line.
It is facing resistance at 66.5% and 68%.
BTCD is following a long-term ascending support line.
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The Bitcoin dominance rate (BTCD) has been decreasing since May 14, but recently broke out from a long-term descending resistance line, indicating that an upward trend has begun. This means that altcoin and Bitcoin pairs are likely to decrease. Resistance Breakout The Bitcoin dominance rate reached a high of 69.14% on May 14 and has been decreasing with a relatively steep slope since
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