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2020 Tether Market Cap Correlation to BTC Price Action

CRYPTOCAP:USDT   Market Cap USDT, $ (CALCULATED BY TRADINGVIEW)
Interesting correlation between Tether market cap and BTC price action. So far in 2020, Tether market cap pumps have acted as a precursor to big BTC rallies.

Tether market cap pumped on:
1/6/20: BTC rose 43.06%
4/1/20: BTC rose 56.9%

Average 2020 BTC move following a Tether market cap pump = 49.98%

We just saw another Tether market cap pump on 5/14/2020. If the trend continues and BTC makes the average 2020 move (49.98%), $14k - $15k BTC incoming.

Will be interesting to see if the trend continues.

Comments

its been known to allot of people that tether pumps up the crypto market like the fed pumps the stock market......ive been following this for a while since 2017. i honestly think the only reason btc is even worth something is because tether says so. kinda sad that usdt isnt back by an actual dollar..
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You are one of the first I have seen to discuss this very important trend. Keep up the great work
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