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Cryptorphic
Nov 10, 2023 8:57 PM

#USDT dominance giving us a hit to our Bitcoin's Local TOP! Short

Market Cap USDT Dominance, %CRYPTOCAP

Description

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#USDT Update: Tether has shattered every support, mirroring Bitcoin's breakthrough of resistance. The 5.26% area emerges as a potential next target, hinting at further upside for Bitcoin.

While Bitcoin's chart signals a local top near 40.2k, this breakthrough could spark a rally to 42.8k, a significant long-term support turned resistance level. So, our 40k+ target remains plausible as long as 35k holds.

Cheers! 🚀
Comments
SHAlavi
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thanks for sharing your analysis .
my vision
Cryptorphic
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@SHAlavi, welcome
melikatrader94
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Good and informative work, thanks
Cryptorphic
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MyCryptoParadise_Nathan
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This market seems really volatile lately.
shimmeringpath
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Thanks for the updates
OG_cRoW
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Excellent observation ;)
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