USDTDominance
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Hello friends,
I'm sharing , my posts from earlier today regarding what is most likely to happen with the USDT Dominance and how it will affect the Bitcoin price in the short term.
*I understand that we have a huge time difference with many of you, and I'm trying to find the best way not to make you miss content that you might be highly interested in.
#bitcoin #crypto #USDTDominance
I'm sharing , my posts from earlier today regarding what is most likely to happen with the USDT Dominance and how it will affect the Bitcoin price in the short term.
*I understand that we have a huge time difference with many of you, and I'm trying to find the best way not to make you miss content that you might be highly interested in.
#bitcoin #crypto #USDTDominance
Crypto Update: Stablecoin Market Hits $131.9 Billion!
📅 As of January 5th, the total market value of #stablecoins has surged to an impressive $131.9 billion.
💪 Dominating the space, #USDT takes the lead with a staggering circulation of over $92.7 billion, securing a dominant stablecoin market share of 70.28%!
🔥 The crypto world is witnessing remarkable growth, and USDT is at the forefront, playing a pivotal role in shaping the market dynamics.
🚀 Stay tuned for more updates as the crypto landscape continues to evolve! #CryptoNews #USDTDominance 🌐
#BTC
$BTC $PEOPLE $JTO
💪 Dominating the space, #USDT takes the lead with a staggering circulation of over $92.7 billion, securing a dominant stablecoin market share of 70.28%!
🔥 The crypto world is witnessing remarkable growth, and USDT is at the forefront, playing a pivotal role in shaping the market dynamics.
🚀 Stay tuned for more updates as the crypto landscape continues to evolve! #CryptoNews #USDTDominance 🌐
#BTC
$BTC $PEOPLE $JTO
Hello friends,
I'm sharing some thoughts on the short term Bitcoin price action using the USDT Dominance as a main point:
➢ If we have another 20% spike in the USDT Dominance, that will lead to drop for the BTC price - very likely around the 55K area, as I've mentioned many times in my posts.
➢ The daily structure of the USD D. is very bullish - breaking above the consolidation and having a retest. This is indicating that there is a high chance for another spike, at least in the short term.
#Bitcoin #crypto #USDTDominance $BTC
I'm sharing some thoughts on the short term Bitcoin price action using the USDT Dominance as a main point:
➢ If we have another 20% spike in the USDT Dominance, that will lead to drop for the BTC price - very likely around the 55K area, as I've mentioned many times in my posts.
➢ The daily structure of the USD D. is very bullish - breaking above the consolidation and having a retest. This is indicating that there is a high chance for another spike, at least in the short term.
#Bitcoin #crypto #USDTDominance $BTC
Let's see if the USDT dominance will make a lower high not breaking the level where it got rejected, because breaking above will also be a confirmation of a larger correction.
There will be about a 15-20% move that resonates with Bitcoin at 52K or 47-48K
#USDTDominance #Bitcoin #crypto $BTC
There will be about a 15-20% move that resonates with Bitcoin at 52K or 47-48K
#USDTDominance #Bitcoin #crypto $BTC
#USDTDominance
USDT Dominance (Market Cap USDT Dominance, %) is currently trading at 4.91%, showing a significant movement within a well-defined channel. The chart indicates critical levels to watch:
### Key Levels:
- **Resistance:** 5.08% - A breakout above this level could signal further dominance of USDT, indicating potential risk aversion in the market.
- **Support:** 4.80% - Maintaining above this support is crucial for sustaining the current upward momentum. A drop below could indicate a shift back to riskier assets.
### Technical Analysis:
The recent upward trend suggests increased demand for USDT, possibly reflecting market participants seeking safety amid uncertainty. The critical breakout point at 5.08% aligns with previous highs, and a sustained move above this level could reinforce bearish sentiment for cryptocurrencies, as traders move capital into stablecoins.
### Outcome on Crypto Market:
An increase in USDT dominance typically correlates with a decline in crypto prices, as funds flow from volatile assets to stablecoins. If USDT dominance breaks above 5.08%, we may see further selling pressure on major cryptocurrencies. Conversely, a rejection at this resistance and a move below 4.80% could signal a return to bullish sentiment in the crypto market.
### Key Zones to Watch:
- **Resistance:** 5.08%
- **Support:** 4.80%
Monitor these levels closely to gauge market sentiment and potential shifts in the crypto market dynamics.
#Crypto #USDT #TradingAnalysis
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$BTC $ETH $BNB
#BinanceTournament
USDT Dominance (Market Cap USDT Dominance, %) is currently trading at 4.91%, showing a significant movement within a well-defined channel. The chart indicates critical levels to watch:
### Key Levels:
- **Resistance:** 5.08% - A breakout above this level could signal further dominance of USDT, indicating potential risk aversion in the market.
- **Support:** 4.80% - Maintaining above this support is crucial for sustaining the current upward momentum. A drop below could indicate a shift back to riskier assets.
### Technical Analysis:
The recent upward trend suggests increased demand for USDT, possibly reflecting market participants seeking safety amid uncertainty. The critical breakout point at 5.08% aligns with previous highs, and a sustained move above this level could reinforce bearish sentiment for cryptocurrencies, as traders move capital into stablecoins.
### Outcome on Crypto Market:
An increase in USDT dominance typically correlates with a decline in crypto prices, as funds flow from volatile assets to stablecoins. If USDT dominance breaks above 5.08%, we may see further selling pressure on major cryptocurrencies. Conversely, a rejection at this resistance and a move below 4.80% could signal a return to bullish sentiment in the crypto market.
### Key Zones to Watch:
- **Resistance:** 5.08%
- **Support:** 4.80%
Monitor these levels closely to gauge market sentiment and potential shifts in the crypto market dynamics.
#Crypto #USDT #TradingAnalysis
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$BTC $ETH $BNB
#BinanceTournament