CryptoWeb3Today
#Bitcoin New ATH is still possible?🚨
After the recent dump, BTC has been ranging around $85k for the past few weeks.
At the same time, USDT Dominance has broken out of its range.
So far, dominance is holding above the breakout zone, and BTC is also holding around 85k lows well.
Since BTC and USDT.D are inversely correlated, two main scenarios stand out:
Scenario 1 (Bullish Move) - Green
If USDT.D starts dumping from here, this breakout will turn into a fakeout.
That would likely fuel another BTC expansion, possibly even a new ATH before any distribution.
Scenario 2 (Early bear structure) - Re
After the recent dump, BTC has been ranging around $85k for the past few weeks.
At the same time, USDT Dominance has broken out of its range.
So far, dominance is holding above the breakout zone, and BTC is also holding around 85k lows well.
Since BTC and USDT.D are inversely correlated, two main scenarios stand out:
Scenario 1 (Bullish Move) - Green
If USDT.D starts dumping from here, this breakout will turn into a fakeout.
That would likely fuel another BTC expansion, possibly even a new ATH before any distribution.
Scenario 2 (Early bear structure) - Re
BTC1,83%