Coin-Turk 12 minutes ago
6
Recent developments in the cryptocurrency markets indicate that analyst Justin Bennett suggests Bitcoin 
$97,595 may encounter difficulties in achieving a significant breakout in the near future. He emphasizes the need for caution among market participants and highlights the importance of monitoring ongoing trends.
Key Indicators
A prominent indicator in Bennett’s analysis is the Tether dominance (USDT ($1.00).D) chart. This chart illustrates the share of stable cryptocurrencies in the total market value of cryptocurrencies. Elevated levels of USDT.D signal that investors are turning towards stable coins to safeguard their portfolios.
Market Dynamics
The analysis points to the possibility of Bitcoin moving sideways or downwards at its current price levels. The suppor…
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