Bitcoin / TetherUSShort
Tether issuing drives BTC price. See how.
Tether issuing was responsible for the '21 ATH, as clearly shown in the charts.
Right now volumes are low both in USDT new issuing, BTC traded volume and IBIT traded volume.
Thus we forsee that provided these conditions remain unchanged, BTC prices are likely heading to 30k, meeting current AVWAP levels.
Thank you very much.
Right now volumes are low both in USDT new issuing, BTC traded volume and IBIT traded volume.
Thus we forsee that provided these conditions remain unchanged, BTC prices are likely heading to 30k, meeting current AVWAP levels.
Thank you very much.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.