Here'd why BTC will most likely dump
Here is why Bitcoin will most likely dump:
As you can see, the USDT dominance is slowly gaining bullish momentum (as It can be seen in a speculative falling wedge pattern) . Funding rates are also very high meaning that overleveraged longs will probably have to close their positions which will cause the market to crash for a short period of time.
We don't know when that'll happen exactly but looking at the stats, it has to for sure happen.
As you can see, the USDT dominance is slowly gaining bullish momentum (as It can be seen in a speculative falling wedge pattern) . Funding rates are also very high meaning that overleveraged longs will probably have to close their positions which will cause the market to crash for a short period of time.
We don't know when that'll happen exactly but looking at the stats, it has to for sure happen.
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