Bitcoin Cycle Peak: How The USDT Dominance Could Predict The Top
Crypto analysts have used several on-chain metrics and indicators to analyze whether or not the Bitcoin top is already in for this bull run. This time, crypto analyst Thomas has alluded to USDT’s dominance to determine Bitcoin’s market top. How USDT’s Dominance Predicts The Top For Bitcoin Thomas claimed in an X (formerly Twitter) post […]
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Bitcoin has extended its consolidation below $100,000 since the beginning of February. This price lag has been compounded by a slowdown in bullish sentiment among investors and a slowing euphoria regarding the crypto-positive influences of Trump’s new administration in the US. Despite this rally slowdown, technical analysis continues to support a bullish long-term outlook for Bitcoin. The current stagnation appears to be a re-accumulation phase for bullish investors; a pattern observed multiple times before major upward moves this cycle. Furthermore, analysis shows that the USDT dominance....
With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has....
Data shows the top stablecoin USDT has lost some dominance following the collapse of UST. While other coins like USDC and BUSD have observed rather sharp growth. USDT Has Shed Around $10 Billion Reserves After UST’s Collapse A stablecoin is a token whose value is pegged to another currency or commodity. The most popular such […]
Over the years, a number of indicators have emerged that have helped to pinpoint the Bitcoin price top for each bull cycle. These have become quite popular due to their success rates during this time. As such, the Coinglass website collates all of these to form a progress chart that could tell when the Bitcoin price is nearing its peak. This progress chart is barely halfway gone, but the Bitcoin price is seeing major crashes, so what’s going on? Bull Market Peak Indicators Remain Untriggered A total of 30 Bitcoin bull market peak indicators are being tracked on the Coinglass website, and....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....