A crypto analyst predicts that Bitcoin's price could drop to $85,000 if the dominance level of the stablecoin Tether (USDT) falls to the 4.7-5% range. The analyst argues that the crypto market won't bottom out until Tether's dominance reaches the target level. They believe that Tether's dominance is on the rise and should hit the target range in the coming weeks. Bitcoin is currently trading at $92,046, experiencing a 1.9% decrease in the last 24 hours. The analyst suggests that BTC bulls have a limited amount of time to turn the market around.
- Content Editor ( dailyhodl.com )
- 2024-12-30
Crypto Analyst Justin Bennett Warns One Factor Could Trigger Massive Bitcoin Plunge – Here’s His Target