The Bitcoin Dominance Rate Finally Breaks Out

Share Article
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.

  • promo

    Free Cloud Mining Providers to Mine Bitcoin in 2021

The Trust Project is an international consortium of news organizations building standards of transparency.
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
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Sponsored
Share Article

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.

Follow Author

Crypto predictions with the Best Telegram Signal with +70% accuracy!

Join now

Free Cloud Mining Providers to Mine Bitcoin in 2021

Go

How To Mine Cryptocurrency: Beginner’s Guide

Let's Go