The Bitcoin dominance rate (BTCD) has reached a crucial support level, a decline below which could trigger a sharp drop. However, technical indicators suggest that a bounce is to be expected. Possible Bounce for the Bitcoin Dominance Rate The Bitcoin dominance rate has been decreasing since May 8, when it reached a high of 68.9%. On July 26, the rate reached a low of 61.8% and has been
The Bitcoin Dominance Rate Seeks to Bounce From the Current Support Area
The Bitcoin dominance rate is trading inside support at 62%.
Technical indicators suggest a bounce for BTCD is likely.
The rate is likely still inside a correction and will eventually make a lower low.
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