BTC.D: Will Bitcoin Dominance Rise Again?

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As we can see on the chart, since May 2021, BTC dominance has fluctuated between 39% - 48%.

BTC dominance is now at the support zone again with bullish divergence building up on the daily time frame.

Based on what I'm seeing, I think there is a good chance that it could bounce off of this zone, although if Ethereum continues to lead the market then the support zone can break down.

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