USDT dominance Bear flag!!

164
Join our community and start your crypto journey today for:
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential

Let's analyse USDT dominance:

USDT dominance in 4-hour-chart suggests a bearish pattern known as a bear flag. This pattern has recently broken downwards, indicating a potential decline in USDT's dominance.

If this trend continues, USDT dominance could fall to 4.10% or even lower to 3.81%. Historically, a decrease in USDT dominance has often coincided with a rise in Bitcoin's price. This could potentially fuel a Bitcoin rally towards the $100,000 mark.

Support: 4.10%, 3.81%
Resistance: 4.36%

If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.