USDT Dominance Update.
Time Frame: Weekly.
The USDT.D is currently rejecting the 5.2% resistance. This rejection has pushed the BTC price up to 67k.
The continuation of this rejection will likely help BTC and other altcoins to rally higher. It would be a 22% drop from the current level to the lower support, providing ample room for BTC and altcoins to breathe.
From a negative perspective, if the dominance breaks above the resistance, be prepared for a potential crash.
For now, this rejection looks positive for the market.
Happy weekend.
Do your own research.
Regards, Team Dexter.
The USDT.D is currently rejecting the 5.2% resistance. This rejection has pushed the BTC price up to 67k.
The continuation of this rejection will likely help BTC and other altcoins to rally higher. It would be a 22% drop from the current level to the lower support, providing ample room for BTC and altcoins to breathe.
From a negative perspective, if the dominance breaks above the resistance, be prepared for a potential crash.
For now, this rejection looks positive for the market.
Happy weekend.
Do your own research.
Regards, Team Dexter.
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