#USDT Dominance vs. $BTC /USD Correlation – What’s Next? 🤔
Looking at the charts, there’s a clear correlation between USDT.D (Tether dominance) and BTCUSD price movements. When USDT dominance rises, Bitcoin tends to drop, and vice versa.
📈 USDT.D is currently sitting in an upward channel, testing its upper resistance. Historically, when USDT.D forms such channels, Bitcoin has faced downward pressure. On the flip side, once USDT dominance starts breaking down from these channels, Bitcoin usually sees strong rallies.
📉 BTC/USD is in a downward-sloping channel, hinting at possible bearish pressure, but if USDT.D tops out and begins to decline, BTC may be positioned for a breakout.
Key takeaway: If USDT dominance breaks down, we could be in for a significant Bitcoin pump. However, if USDT.D continues its upward momentum, Bitcoin may stay under pressure in the short term.
Watch out for a potential reversal in USDT.D – it could signal the next big move in #BTC☀ 🚀
