Move toward 5.15% and further Bitcoin correction?
Tether Dominance is moving within a descending channel.
As you can see, each bearish wave has shown weaker momentum, pulling away from the channel's lower line — a sign of declining bearish strength.
If the channel trendline breaks, there’s only one major resistance ahead at 4.77%.
If that level is broken, the move could extend up to the 5.15% area —
which could signal more downside pressure on Bitcoin.
Tether Dominance is moving within a descending channel.
As you can see, each bearish wave has shown weaker momentum, pulling away from the channel's lower line — a sign of declining bearish strength.
If the channel trendline breaks, there’s only one major resistance ahead at 4.77%.
If that level is broken, the move could extend up to the 5.15% area —
which could signal more downside pressure on Bitcoin.
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.
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.