The article discusses the potential shifts in Bitcoin's market trend based on the dominance of USDT (Tether). The dominance of USDT has flipped to the downside after a breakdown of the multi-year uptrend. Currently, USDT dominance finds support near 3.8%, which is a critical level for market direction. Analysts suggest that a clean break below 3.8% could lead to a plunge toward 2.5%, indicating potential bullish momentum for Bitcoin. On the other hand, if dominance climbs above 4.4%, it might confirm a Bitcoin macro top, urging caution among investors. The article highlights resistance zones at 6.51% and 9.49% and a support level at 3.92%. Overall, the market sentiment is currently characterized by indecision and awaiting a decisive breakout.
Content Editor ( cryptonewsland.com )
- 2025-01-22
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