There’s a noticeable relationship between USDT dominance (USDT.D) and BTC/USD price movements. Typically, when USDT dominance rises, Bitcoin tends to fall, and vice versa.
At present, USDT.D is moving within an upward channel and is testing its upper resistance. Historically, when USDT.D forms such patterns, Bitcoin often experiences downward pressure. Conversely, when USDT dominance breaks down from these channels, Bitcoin tends to rally strongly.
BTC/USD is currently in a downward channel, signaling possible bearish pressure. However, if USDT.D peaks and begins to decline, Bitcoin could be set for a breakout.
Main takeaway: If USDT dominance breaks down, Bitcoin may see a significant surge. But if USDT.D keeps rising, Bitcoin may continue facing short-term pressure.
A reversal in USDT.D could indicate the next big move for Bitcoin!🚀
