Mags

#Bitcoin Ready for another Leg up ? 👀

There is an inverse correlation between USDT dominance and BTC

Dominance recently broke down from a triangle after 500 days of consolidation.

The next major support is at the upwards sloping trendline. If dominance continues to decline, we can expect one more leg up in $BTC , with a potential target of $43,000 to $48,000.

This aligns well with the 0.618 Fibonacci level 🤝