Rising USDT Dominance Marks Bitcoin & Altcoin Buy Opportunity: Crypto Rover
Bitcoin Price Dip: Expert Calls It a ‘BUY THE DIP’ Opportunity Amid USDT Dominance SurgeIn a latest development, cryptocurrency analyst Crypto Rover has issued a bullish message in a recent X post. The analyst shared to his 1 million followers on X that every time the USDT dominance gets this high during a bull market. He noted that this signals a massive Bitcoin and Altcoin buying opportunity. Notably, he encouraged his followers as he advises to “BUY THE DIP!”As of writing, the Bitcoin dominance stands at 58.11%, Ethereum Dominance at 12.25% and USDT’s dominance currently stands at 4.31%. Notably, despite short term bearish signals, the long-term outlook for bitcoin remains bullish from a technical perspective after the post-election breakout in November. Also, a Bitcoin price dip in Q1 2025 could be a good opportunity to buy before its next rise later in the year.Bitcoin back below $100,000Bitcoin’s recent price correction was likely caused by concerns over the US Federal Reserve’s tightening monetary policy, which could influence Bitcoin’s price in 2025. The price briefly surpassed the $100,000 mark on January 7 before correcting to $92,500.Prominent on chain analyst Ali Martinez highlighted that Bitcoin has fallen below a key demand zone at $95,400–$98,400, where 1.77 million addresses acquired over 1.53 million $BTC.He noted that a surge in selling pressure could trigger a sharp decline pushing Bitcoin below $92,000. He believes that the current market conditions, from a macro perspective, are reigniting fears of a potential Bitcoin crash. He noted that to avoid a bearish outlook, Bitcoin must reclaim $100,000 and aim for new all-time highs.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.