BTC Incoming Reversal Based on USDT Dominance

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This massive trend line on USDT dominance coming all the way from 2018 has been a key metric for identifying major BTCUSD reversals into downtrends. Historically, when the USDT.D bounced on that trend line, we saw significant downtrends start to form.

The current level required by USDT.D to hit the trend line is between 3.65% and 3.85%. Currently, we are at 4% and moving to target slowly.

Will this time be different and we break the trend?

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