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Bitcoin Price To $150,000: Why The USDT Dominance Plays An Important Role

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Bitcoin Price To $150,000: Why The USDT Dominance Plays An Important Role - NewsBTC

Quick Summary:

USDT To Send BTC To $150,000 If Bitcoin follows the pattern observed in previous rallies this cycle with the USDT dominance to the core, the re-accumulation phase could end within the next one or two weeks and eventually cause another rally to new all-time highs.

Bitcoin’s Re-Accumulation Phase And The Role Of USDT Dominance According to a technical analyst (TradingShot) on the TradingView platform, Bitcoin is currently exhibiting an interesting accumulation trend alongside the USDT dominance.

Now, Bitcoin appears to be mirroring the same conditions again, with USDT dominance and the DXY pulling back with the current re-accumulation phase, which has been playing out since December 2024.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 02:00:50 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26310078

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 11 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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