+USDT = +$BTC. target [85k; 90k]
dear fellows,
it is our belief that USDT marketcap drives BTC price.
the recent issuing reached a new ATH for USDT.
it is not as yet reflected on the price, because the current trading range was a response to less steepened issuing and current rate is higher.
thus, we believe that not just the top is going to be tested, but a breakout comes next.
if so, we expect after a retracement, a move reaching somewhere between 85k to 90k.
that corresponds to the midline of an upward parallel channel anchored in the bottoms of '18 and '22, and capped by the pick in '21.
this same midline was tested before in '19 and early '21.
best regards,
fernando a. bender
it is our belief that USDT marketcap drives BTC price.
the recent issuing reached a new ATH for USDT.
it is not as yet reflected on the price, because the current trading range was a response to less steepened issuing and current rate is higher.
thus, we believe that not just the top is going to be tested, but a breakout comes next.
if so, we expect after a retracement, a move reaching somewhere between 85k to 90k.
that corresponds to the midline of an upward parallel channel anchored in the bottoms of '18 and '22, and capped by the pick in '21.
this same midline was tested before in '19 and early '21.
best regards,
fernando a. bender
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