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Let's analyse USDT dominance:
USDT dominance in 4-hour-chart suggests a bearish pattern known as a bear flag. This pattern has recently broken downwards, indicating a potential decline in USDT's dominance.
If this trend continues, USDT dominance could fall to 4.10% or even lower to 3.81%. Historically, a decrease in USDT dominance has often coincided with a rise in Bitcoin's price. This could potentially fuel a Bitcoin rally towards the $100,000 mark.
Support: 4.10%, 3.81%
Resistance: 4.36%
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse USDT dominance:
USDT dominance in 4-hour-chart suggests a bearish pattern known as a bear flag. This pattern has recently broken downwards, indicating a potential decline in USDT's dominance.
If this trend continues, USDT dominance could fall to 4.10% or even lower to 3.81%. Historically, a decrease in USDT dominance has often coincided with a rise in Bitcoin's price. This could potentially fuel a Bitcoin rally towards the $100,000 mark.
Support: 4.10%, 3.81%
Resistance: 4.36%
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
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.
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.