The Dominance Tether chart, which acts against the direction of the market, has formed an ascending channel in the last three months at the same time as the bit fell from its historical ceiling, and after every correction and hitting the bottom of the channel, the trend is upward again, and on the opposite side of the falling market, until Dominance Tether breaks this channel down, any rise in Bitcoin will be temporary.
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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.