This chart compares Bitcoin (BTC/USD) and Bitcoin/USDT dominance, where USDT dominance often represents an inverse indicator of Bitcoin's strength.

Key Insights:

In 2021, we observed a clear bearish divergence: Bitcoin was rising while USDT dominance formed a higher peak, indicating the top.

Historically, bullish divergences in USDT.D correspond with Bitcoin bottoms.

Currently, Bitcoin is testing a key resistance trend line from previous peaks (2021 and March 2024).

If Bitcoin rises alongside USDT dominance, this is a strong exit signal.

However, if $BTC breaks the resistance level and USDT.D declines, expect a strong rally.

Conclusion:

Watch for divergence. USDT dominance trends can indicate significant movements in #BTC before they happen.