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Cryptonian

10/06 18:27

Bitcoin  ready for a Big Move ? 🚨

#Bitcoin    ready for a Big Move ? 🚨

There is an inverse correlation between USDT dominance and BTC.

If you look at the dominance chart, it has been consolidating near the 7-8% area since Jun 2022

Price is also forming a Massive Head & Shoulders pattern, while BTC is holding its current level nicely.

If USDT dominance breaks down, the next important support is between the 4-5% area, which will lead to a nice upside rally in BTC20231006_235632.jpg

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