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imRedaSouhail
May 8, 2022 1:33 PM

USDT Dominance Chart 

Market Cap USDT Dominance, %CRYPTOCAP

Description

BTC has seen that final mid-term leg down towards our $34,354 mid-term support where it's showing some intra-day strength that could develop into a mid-term rally towards $40,000 if the bulls manage to gain strength.

We're currently trading at one of our most important all-time key levels, especially while USDT dominance is approaching its all-time high resistance.

if usdt dominance got rejected we will see some fresh demand on bitcoin and alts but with a break above its all-time high, we might see a serious bear market that might continue for the rest of the year.
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