BITCOIN The USDT dominance rejection is fueling this rally

Are you still looking for reason that are behind Bitcoin's (BTCUSD) January rally? We have analyzed in the past a number of key factors that aligned perfectly and set the stage for this great start to 2023.

On the current analysis you don't have to look beyond the USDT market cap dominance (USDT.D) for a driver to this rally. As you see on the 1W time-frame, the USDT.D got rejected on its historic Higher Highs trend-line. In the previous two such encounters, that initiated very strong rallies on BTC. The fractals are identical and it appears that on a long-term perspective the current rally has only just started.

What do you think? Has it only just began? Feel free to let me know in the comments section below!


-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇