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Bitcoin has expanded his consolidation below 100,000 USD from the beginning of February. The price delay was slowed down by slowing down the stubborn moods among investors and slowing euphoria regarding Cryptocurrency influence novel Trump administration in the USA.
Despite this slowdown in the rally, technical analysis still supports Public long -term perspectives for bitcoins. The current stagnation seems to be a phase of re -accumulation for stubborn investors; The pattern is observed many times before the main up this cycle moves. In addition, the analysis shows that the domination of USDT will play a key role in triggering the next Bitcoin rally in the direction of USD 150,000.
Phase of Bitcoin’s re -accumulation and the role of USDT domination
According to technical analyst (TRADINGSHOT) On the TradingView Bitcoin platform, it currently has an compelling accumulation trend next to USDT domination. The domination of the USDT reflects the percentage of total market capitalization of cryptocurrencies in USDT, which indicates whether traders favor stablecoin in relation to more risky cryptographic assets. The dominance with high USDT usually signals low -shopping cryptocurrencies. And vice versa, the falling dominance of USDT often suggests that traders turn the funds back to Bitcoin and other cryptocurrencies.
Interestingly, the dominance of USDT had a key simultaneous speech with Bitcoin preparations for rallies in this cycle. Two noteworthy periods of re -accumulation took place after Bitcoins reached in November 2022, with each led to significant price rallies. The first period of accumulation lasted from January 2023 to March 2023, while the second took place between November 2023 and February 2024. Both phases of re -accumulation took place at the level of extension of 0.5 Fibonacci from the previous battery phase. In addition, these phases shared common features, including the peak of the 1-day RSI structure on the domination chart of USDT and withdrawal in the dollar index (DXY).
Now it seems to be bitcoin reflecting the same conditions Again, with the dominance of USDT and DXY, retreating with the current phase of re -accumulation, which has been playing since December 2024. develop as expectedThis may indicate that Bitcoin is on the edge of another vast rally.
USDT to send BTC to USD 150,000
If bitcoins follow the pattern observed in the earlier rallies of this cycle with the dominance of USDT to the core, the re -accumulation phase may end in the next One or two weeks and ultimately cause another rally to the novel ups of all time.
As for the target, the analyst recorded a potential goal of USD 150,000 for the Bitcoins price, at least before another solemn correction and the later stages of accumulation. However, bitcoin must Overcome the key levels of resistanceParticularly psychological sign of 100,000 USD, which in recent weeks served as the main obstacle.
At the time of writing, Bitcoin trades for USD 97,175, which is an augment of 1.6% in the last 24 hours. The transfer to USD 150,000 will be an augment of 54% compared to the current price.
A distinguished picture from Pexels, chart from tradingview.com
