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Bitcoin Dominance Rate

Bitcoin Eyes $12K Price Hurdle as Dominance Rate Hits 28-Month High

View Bitcoin looks set to test falling channel resistance at $12,030, having invalidated a bearish lower-highs pattern earlier today. The rise in bitcoin’s dominance rate to the highest level in over two years indicates the price rise is sustainable. A UTC close above $12,030 would confirm the falling channel breakout and allow a rally to …

Bitcoin Eyes $12K Price Hurdle as Dominance Rate Hits 28-Month High Read More »

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Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

View Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880. Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time. Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices. A …

Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High Read More »