BTCD Rejection and Drop Could Lead to Altcoin Rally

Valdrin Tahiri

Wed, Aug 4, 2021, 9:52 AM1 min read

In this article:

BeInCrypto –

The Bitcoin dominance rate (BTCD) is in the process of breaking down from an ascending support line that has been in place since the May 19 low.

It is possible that it has reached a local top and will continue decreasing in the near future.

BTCD breaks down

BTCD has been following an ascending support line since reaching a low of 39.66% on May 19. The upward movement continued until a high of 49.14% was reached on July 30.

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BTCD Rejection and Drop Could Lead to Altcoin Rally

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