USDT.D Chart (Inverted) - A breakout posibility
Updated
This inverted USDT dominance chart mirrors Bitcoin's price action. Recently, USDT dominance has broken out, but it's currently battling with the 200-day moving average (blue line). My projection is that after November 5, we'll see a breakout, potentially pushing USDT dominance down to around 3.3% in Q1 2025.
Given USDT's 120B market cap, a drop from 5.2% to 3.3% could lead to an inflow of $43.85 billion into BTC and altcoins.
Given USDT's 120B market cap, a drop from 5.2% to 3.3% could lead to an inflow of $43.85 billion into BTC and altcoins.
Trade active
Just as expected, breakout and currently at resistance. Looking for a dip before a new breakout around desember 4th.Trade closed: target reached
First target reached. Larger picture can be seen here:
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