CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-01-08 18:46:50

Analyst Says Rising USDT Dominance is a Buy Signal for Bitcoin And Altcoins

The post Analyst Says Rising USDT Dominance is a Buy Signal for Bitcoin And Altcoins appeared first on Coinpedia Fintech News In a latest development, cryptocurrency analyst Crypto Rover has issued a bullish message in a recent X post. Every time the $USDT dominance gets this high during a bull market. It's a massive #Bitcoin & #Altcoin buy opportunity. BUY THE DIP! pic.twitter.com/wRvb7L1P9k — Crypto Rover (@rovercrc) January 8, 2025 The analyst shared to his 1 million followers on X that every time the USDT dominance gets this high during a bull market. He noted that this signals a massive Bitcoin and Altcoin buying opportunity. Notably, he encouraged his followers as he advises to “BUY THE DIP!” As of writing, the Bitcoin dominance stands at 58.11%, Ethereum Dominance at 12.25% and USDT’s dominance currently stands at 4.31%. Notably, despite short term bearish signals, the long-term outlook for bitcoin remains bullish from a technical perspective after the post-election breakout in November. Also, a Bitcoin price dip in Q1 2025 could be a good opportunity to buy before its next rise later in the year. Bitcoin back below $100,000 Bitcoin’s recent price correction was likely caused by concerns over the US Federal Reserve’s tightening monetary policy, which could influence Bitcoin’s price in 2025. The price briefly surpassed the $100,000 mark on January 7 before correcting to $92,500. Prominent on chain analyst Ali Martinez highlighted that Bitcoin has fallen below a key demand zone at $95,400–$98,400, where 1.77 million addresses acquired over 1.53 million $BTC. #Bitcoin $BTC is back below $100,000! Now what?? Let's dive in — Ali (@ali_charts) January 8, 2025 He noted that a surge in selling pressure could trigger a sharp decline pushing Bitcoin below $92,000. He believes that the current market conditions, from a macro perspective, are reigniting fears of a potential Bitcoin crash. He noted that to avoid a bearish outlook, Bitcoin must reclaim $100,000 and aim for new all-time highs.

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen