Few days back I shared how USDT dominance helps us predict the market and if you have not read that blog I will suggest you to go through it as it will really help you understand importance of USDT dominance. I shared the major resistance in my blog so if you want to read that blog you can simply click on the link below and visit it.
The Crypto Market is Bleeding, Analyzing the USDT Dominance for further market prediction
Today I will share why we might not see any further major dump in the market anymore. If we analyze the history of bitcoin price movement we realize that bitcoin has some historical data related to the halving and also to breaking it's all time high. For the last three times when bitcoin and entire crypto market started to act bullish we observed something that is not worth missing.
Bitcoin breaks it's all time high and take a correction, initially it was 50% for the very first time followed by becoming the 30-35% in the second time and 17% for the third time. Then the bitcoin pumps again and go above it's last all time high and once again take correction which is now lesser compared to the previous one.
For this cycle bitcoin already broken it's previous all time high twice with two major dumps. The price fall this time was 14 and 17 percent respectively, you can see the chart shared below for a better understanding, it is for last one month and this is the time when bitcoin broke it's all time high for the last cycle this year.
I think the major dips that are up to more than 15% will not be coming now and the market might start to move upwards soon. Everything indicates this in my opinion but there is no financial advise here. I think we should pack our bags with favorite tokens already and not wait anymore.
The bull run is here, thank you.