#Bitcoin New ATH is still possible?🚨
After the recent dump, BTC has been ranging around $85k for the past few weeks.
At the same time, USDT Dominance has broken out of its range.
So far, dominance is holding above the breakout zone, and BTC is also holding around 85k lows well.
Since BTC and USDT.D are inversely correlated, two main scenarios stand out:
Scenario 1 (Bullish Move) - Green
If USDT.D starts dumping from here, this breakout will turn into a fakeout.
That would likely fuel another BTC expansion, possibly even a new ATH before any distribution.
Scenario 2 (Early bear structure) - Red
If the broader trend weakens, we could still see a temporary BTC bounce, while USDT.D forms a higher low near the mid-range before continuing higher.
For Bitcoin, this would look like a higher timeframe slow distribution, not a crash but slow & choppy downtrend, early bear market behavior.
For now - BTC is holding structure & USDT.D is at a critical decision zone
Next move in dominance will likely decide whether this is just a pause before continuation or the start of a longer distribution phase followed by a New ATH.

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

