USDT dominance has broken out from the ascending channel, this is a significant development. Typically, a breakdown like this suggests that capital is starting to flow out of stablecoins (like USDT) and back into assets such as Bitcoin and altcoins. This is usually a bullish signal for the broader crypto market.
Now that USDT dominance has broken out of its 205-day-long ascending channel, we could expect a substantial upward movement in Bitcoin’s price, as traders may be moving their capital back into crypto assets. Historically, this kind of shift has led to a Bitcoin rally, and as always, altcoins tend to follow Bitcoin’s momentum.
This could be the early phase of a significant market recovery. It’s important to watch for confirmation, but this breakout could indicate that traders are regaining confidence in the market after recent uncertainties, potentially setting the stage for a surge in crypto prices!
Now that USDT dominance has broken out of its 205-day-long ascending channel, we could expect a substantial upward movement in Bitcoin’s price, as traders may be moving their capital back into crypto assets. Historically, this kind of shift has led to a Bitcoin rally, and as always, altcoins tend to follow Bitcoin’s momentum.
This could be the early phase of a significant market recovery. It’s important to watch for confirmation, but this breakout could indicate that traders are regaining confidence in the market after recent uncertainties, potentially setting the stage for a surge in crypto prices!
Note
USDT Dominance Update: Exactly As Expected!As we mentioned earlier, the breakdown from the 205-day ascending channel in USDT dominance is playing out just as anticipated. Capital is flowing out of stablecoins and into Bitcoin and altcoins, driving upward momentum across the market.
Bitcoin is already showing signs of strength, with a notable price increase. If this continues, we could be entering a bullish phase fueled by renewed market confidence. Historically, as we have pointed out when capital exits stablecoins, it first moves into Bitcoin, then into altcoins as traders seek higher returns.
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Another Prediction Worked Perfectly. Just look at the previous chart and current chart. This will bring huge money into the coins
Note
USDT Dominance is moving as we predicted 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.