The Bitcoin Dominance Rate Gets Rejected At Long-Term Resistance

The Bitcoin dominance rate (BTCD) has broken down from a long-term support area and is in the process of validating it as resistance. Unless it successfully reclaims this level, the trend is bearish. Long-Term Breakdown The BTCD has been declining since September 2019, when it reached a high of 73.02%. Since then, it has been following a descending resistance line. The fall was