Are we in a deep?
I have prepared a comparison chart that we can check the USDT dominance with the price of Bitcoin in the last 4 months.
- As the dominance of Tether approaches 2, Bitcoin has set a new price record.
- Whenever the Tether dominance approaches 3, Bitcoin has reached its deep.
At present, the dominance of Tether has reached 3 and dropped again after accelerating growth. At present, the dominance of Tether has reached 2.7.
in January, we had two encounters in the range of 3, which experienced a price floor of 30k and 29k in Bitcoin.
How the Tether daily candle closes, can help us for the coming week.
============================
Disclaimer!
This post does not provide financial advice. you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
I have prepared a comparison chart that we can check the USDT dominance with the price of Bitcoin in the last 4 months.
- As the dominance of Tether approaches 2, Bitcoin has set a new price record.
- Whenever the Tether dominance approaches 3, Bitcoin has reached its deep.
At present, the dominance of Tether has reached 3 and dropped again after accelerating growth. At present, the dominance of Tether has reached 2.7.
in January, we had two encounters in the range of 3, which experienced a price floor of 30k and 29k in Bitcoin.
How the Tether daily candle closes, can help us for the coming week.
============================
Disclaimer!
This post does not provide financial advice. you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.