We have a clear triangle formation on the chart, indicating a bullish trend. I’ve also drawn the Elliott wave, and we are currently in the ABC phase. In simple terms, Bitcoin is the key driver here. Tether dominance (USDT) shows a similar pattern, with Bitcoin in a downtrend, and a gap filled with liquidity, likely waiting for withdrawals from institutions."
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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.