Analyst Sees Continued Bitcoin Growth, Warns of Risks if USDT Dominance Rises

Crypto analyst Pizzino recently highlighted the potential for Bitcoin’s price to rebound despite the recent dip to a three-month low.

Pizzino remains optimistic, suggesting that even though market sentiment appears bleak, the downward trend may be part of a larger cycle. He predicts that Bitcoin could continue its upward trajectory, with the possibility of seeing new highs in the coming months.

Pizzino explains that while the market may seem discouraging to some, it’s important to understand that this could be the calm before a new rally. He anticipates that Bitcoin’s upward movement might extend into late 2025, with no significant breakdowns that would signal a bearish market.

One of the key factors influencing his outlook is the possible decline in Tether (USDT) dominance, which refers to the market share held by Tether relative to other cryptocurrencies. Currently, USDT dominance is testing resistance levels, which could indicate a shift in market dynamics.

READ MORE:

Trump’s 25% EU Tariff Sparks Market Turmoil – Will Crypto Benefit?

He notes that the USDT dominance has been approaching a critical threshold around 5.3%, and while it could rise a bit more, it seems that the market is nearing the end of this downward phase. If USDT dominance does begin to fall, this could trigger a rebound for Bitcoin and other cryptocurrencies.

However, Pizzino also highlights the risks. If USDT dominance surpasses 5.5%, it could signal a loss of confidence in Bitcoin and the broader crypto market, potentially leading to a sell-off.

In the coming weeks, Pizzino advises watching for signs that USDT dominance fails to break through this resistance level. A rejection at around 5.5% could pave the way for a more bullish phase, as it would suggest that crypto investors are regaining their confidence. If the dominance continues to drop and falls below 4.75%, it could set the stage for a new wave of market excitement driven by fear of missing out (FOMO).

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.