• The Bitcoin dominance rate has found support at 67.5%.
  • BTCD has moved above its 200-day moving average.
  • The rate is following a descending resistance line. The next resistance area is found at 70.5%.
The Bitcoin dominance rate (BTCD) has broken out above an important resistance area and validated it as support. As long as it is trading above it, its price movement is considered bullish. The Bitcoin dominance rate has been increasing along with Bitcoin, causing alt/btc pairs to decrease towards their all-time lows. Cryptocurrency trader @CryptoAmsterdam tweeted an image of the Bitcoin
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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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