irCryptoClub - BTC/USDT - BTD.d - USDT.D - Total - Total2

#BTCUSDT

The previous analysis was fielded when Bitcoin failed to cross $23,000.

According to re-examinations, currently the most important price ceiling for Bitcoin is $19,300, and as long as the price is lower than this range, it is prone to decline and it will not be logical to buy it.


#USDT Dominance

Dominance Tether also crossed the ceiling of the target resistance range of 7.90-8.24% and is expected to reach this range in the coming days.


#BTC Dominance

Also, with a strong return from around 37%, Bitcoin dominance is now above the weekly trend and if it stabilizes in this range, it can have a growing trend again.


#Total

The total volume index is above its support trend, and if this range is broken, we expect the volume market to lose around 180 to 190 billion dollars.


#Total2

The Total 2 index is a little different from the rest of the indices, as you can see in the picture, this index envisages a deeper decline than the other reviewed charts.

Further Details

If we compare the above charts. Considering the expected resistance limits for Dominance Tether and the support of Bitcoin Dominance above the weekly trend and the support of the $18,300 range for Bitcoin, as well as the support of the daily trend for Total, a different scenario can be considered. Due to the fact that the dominance of Bitcoin has seen its lowest level in the past week and its price is still higher than the main daily support, and on the other hand, the Total 2 index has lost its main daily support, it can be said that probably Bit Coin will not have a heavy decline, and in the next few days and until the end of September, it will occupy a large volume of the altcoins market, and this will cause a heavy decline in altcoins. If Bitcoin loses its support and Dominance Tether crosses the ceiling of 8.24% at the same time, the movement of Bitcoin will start towards $13,800-15,400.

If needed, the above analysis will be updated again

Good luck
CryptoClub Team