USDT dominance outlook
The USDT dominance chart provides valuable insights into the market's direction. A notable market movement often correlates with a decline in USDT dominance. When the dominance of stablecoins decreases, it suggests capital is flowing into Bitcoin and altcoins, signaling increased investor confidence in riskier assets.
In the world of crypto, it’s crucial to follow the flow of money and understand how liquidity is circulating. On the current chart, I observe a potential bear flag, with the RSI breaking its upward trend—a sign that aligns with the broader market sentiment. Bitcoin has recently broken its downtrend, confirmed by a higher low and a higher high.
Pay close attention to the 3% to 3.8% range on this chart. I anticipate this range may mark the peak of this cycle, providing a key area to watch for in the coming weeks/months.
In the world of crypto, it’s crucial to follow the flow of money and understand how liquidity is circulating. On the current chart, I observe a potential bear flag, with the RSI breaking its upward trend—a sign that aligns with the broader market sentiment. Bitcoin has recently broken its downtrend, confirmed by a higher low and a higher high.
Pay close attention to the 3% to 3.8% range on this chart. I anticipate this range may mark the peak of this cycle, providing a key area to watch for in the coming weeks/months.
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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.