Bitcoin’s Bullish Cycle Might Continue: Tether Dominance Hints at Potential Upside

Tether’s dominance in the Bitcoin market remains high, potentially signaling continued upward movement for the leading cryptocurrency. This observation is based on historical data highlighting a consistent inverse correlation between Tether dominance and Bitcoin price peaks. Each time Bitcoin broke above descending trendlines previously, it marked the beginning of a new cycle peak, according to recent analysis from Colin Talks Crypto. This recurring pattern offers a glimpse into Bitcoin’s current position in its market cycle.