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However, if the wedge breaks down instead, it could signal a renewed appetite for risk, potentially bullish for BTC.
Keep an eye on the 4.56% and 4.08% levels – they’ll likely act as key support/resistance.
#Crypto#Bitcoin#USDT#BTC#CryptoAnalysis
USDT Dominance Showing Bullish Divergence – What It Means for BTC
USDT Dominance (USDT.D) is forming a falling wedge pattern on the daily chart, often considered a bullish reversal setup. More importantly, the RSI is showing a clear bullish divergence – while price makes lower.
RSI makes higher lows. This suggests weakening bearish momentum.
If USDT.D breaks upward, it typically signals risk-off sentiment – investors moving into stablecoins. This could mean downward pressure for BTC in the short term.
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