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Bitcoin Dominance Rate (BTCD) Falls Sharply After Rejection From 48% Resistance Area

Bitcoin Dominance Rate (BTCD) Falls Sharply After Rejection From 48% Resistance Area – BeInCrypto

The Bitcoin dominance rate (BTCD) has been falling since it was rejected on June 11. However, the conditions are ripe for long-term bullish continuation. BTCD created a triple bottom pattern at the 40% long-term support area between May-Dec 2021. The triple bottom is considered a bullish pattern, meaning that it leads to breakouts the majority of the time.

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