FREE BTC.D ANALYSIS UPDATE
BTC.D undergoing a consolidation phase
- Yello, ladies and gentlemen !
Our prediction continues to come true and after the break below the ascending channel, we have seen a 4% decline in the Bitcoin Dominance.
BTC.D has entered a short-term consolidation phase and currently trading between 41.40% support and 42.2% resistance. At the same time, lower highs and lower lows pattern is in place, confirming the validity of a downtrend.
After the consolidation is over, which can be any time, BTC.D is expected to drop further. The nearest critical support is at a 40% psychological level, which should be tested in the weeks to come.
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