Why The USDT Dominance Plays An Important Role
Bitcoin has Merge it to expand below $100,000 since early February. This price lag situation has slowed down the bullish sentiment of investors and made the pace of delight more complicated Encryption positive effects Trump’s new administration in the United States.
Despite this slowdown in pulling force, technical analysis is still supporting Promising long-term prospects For Bitcoin. The current stagnation appears to be a re-storing phase for bullish investors. A pattern is observed multiple times before moving this cycle primarily upward. Furthermore, analysis shows that USDT’s dominance will play a crucial role in triggering the next Bitcoin rally to $150,000.
Bitcoin’s re-energy phase and the role of USDT advantages
according to Technical analyst (TradingShot) On the TradingView platform, Bitcoin currently shows an interesting cumulative trend in USDT advantages. The advantage of USDT reflects the percentage of total capitalization of crypto market capitalization in USDT, indicating whether traders favor stable crypto assets rather than riskier crypto assets. High USDT advantages often signal low buying pressure for cryptocurrencies. Instead, the decline in USDT advantage often indicates that traders are spinning their funds into Bitcoin and other cryptocurrencies.
Related Readings
Interestingly, USDT’s dominance is as crucial as Bitcoin’s preparation for rallying this cycle. After the bottoming out of Bitcoin in November 2022, two notable re-energy periods occurred, each of which led to a large number of price rallies. The first accumulation period from January 2023 to March 2023, while the second occurs between November 2023 and February 2024. Both re-accumulation phases occur at the 0.5 Fibonacci expansion level of the early accumulation phase. Furthermore, these stages share common characteristics, including the 1-day RSI structure in the USDT advantage graph and the callback of the USD Index (DXY).
Now, Bitcoin seems to be Mirroring the same conditions Similarly, with the advantages of USDT and DXY, the current re-energy phase that has been playing since December 2024. Expand as expectedwhich may indicate that Bitcoin is on the verge of the next major rally.
USDT sends BTC to $150,000
If Bitcoin follows the pattern observed in previous gatherings during this cycle, USDT dominates In the next A week or two eventually leads to another rally to a new climax.
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On the target side, analysts noted a potential $150,000 target at least before another major correction and subsequent accumulation phase. However, Bitcoin must Overcome key resistance levelsespecially the psychological $100,000, has been a major obstacle in recent weeks.
At the time of writing, Bitcoin was trading at $97,175, up 1.6% in the past 24 hours. Relocations that increase to $150,000 will increase by 54% from the current price.
Featured images from Pexels, charts from TradingView.com
