Market Cap USDT, $Pembelian
2020 Tether Market Cap Correlation to BTC Price Action
Interesting correlation between Tether market cap and BTC price action. So far in 2020, Tether market cap pumps have acted as a precursor to big BTC rallies.
Tether market cap pumped on:
1/6/20: BTC rose 43.06%
4/1/20: BTC rose 56.9%
Average 2020 BTC move following a Tether market cap pump = 49.98%
We just saw another Tether market cap pump on 5/14/2020. If the trend continues and BTC makes the average 2020 move (49.98%),
14K - 15k BTC incoming.
Will be interesting to see if the trend continues.
Tether market cap pumped on:
1/6/20: BTC rose 43.06%
4/1/20: BTC rose 56.9%
Average 2020 BTC move following a Tether market cap pump = 49.98%
We just saw another Tether market cap pump on 5/14/2020. If the trend continues and BTC makes the average 2020 move (49.98%),
14K - 15k BTC incoming.Will be interesting to see if the trend continues.
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