Bitcoin Dominance (BTCD) Resumes Fall, Aims for New All-Time Low

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The bitcoin dominance rate has been moving downwards since December 2020, when it reached a high of 73.63%. The decrease continued until May 19, 2021, culminating with a low of 39.66%.
There are two main support areas at 39.50% and 36%. After bouncing from the former, the BTCD has returned to the level once more. The latter is the all-time low BTCD.
Technical indicators are bearish. The MACD is decreasing inside the negative territory and the RSI is below the 30-line. And while the Stochastic oscillator has stalled its decrease, it has yet to make a bullish cross nor move upwards.source