Cryptocurrency analyst and trader Jason Pizzino believes Bitcoin (BTC) could go up by around 55% from the current level.
In a new strategy session, Pizzino tells his 355,000 YouTube subscribers that the ratio of USDT stablecoin relative to other crypto assets (USDT dominance) has to fall below a major support level in order for Bitcoin to rally to new all-time highs.
“…My theory is we need to get a breakdown of 3.7% to see any sort of real altcoin season and really seeing Bitcoin pump potentially past that $150,000 to $180,000 range.
I think while it [USDT dominance] remains in this area between 3.7% and call it 4.8%, you’re probably not going to see those extreme numbers.”
Source: Jason Pizzino/YouTube
USDT dominance is at 4.35%
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