Bitcoin (BTC) has shown notable price action against Tether (USDT) in the past 4 hours. Following a period of consolidation, BTC experienced a fluctuation between support and resistance levels, primarily driven by market sentiment, global macroeconomic factors, and trading volume.
In the first two hours of this period, BTC/USDT witnessed slight upward momentum, breaking above its short-term resistance level, possibly driven by fresh buying interest from investors seeking to capitalize on favorable technical indicators. This resulted in a brief price rally, reflecting increased bullish sentiment. However, as the next couple of hours progressed, the price momentum appeared to stall as BTC faced significant resistance, leading to a potential pullback.
