Tether Fires Up the Bitcoin Rally Engine According to Top Analyst – Here’s His BTC Outlook

2023-11-11 17:30

Popular cryptocurrency analyst Crypto Rover examines the potential impact of recent Tether (USDT) printing on Bitcoin in his latest YouTube video.

Over the past 48 hours, Tether has printed over $2 billion worth of USDT stablecoins. As Crypto Rover highlights, “Tether printed more than 2 billion US dollars in the past 48 hours, and we exactly know what it does to Bitcoin.” Tether printing has preceded major Bitcoin price rallies in the past. With fresh capital entering the market, Bitcoin’s price could be poised for its next leg up.

In his market analysis, Crypto Rover points to the CME gap above Bitcoin’s current trading range as a potential upside target. “Right now, we have created the CME close price around 37.5k, while in fact, Bitcoin is trading below it, creating a CME gap towards the upside,” he notes.

Despite declining open interest after a local top, Bitcoin has continued climbing higher. “The open interest on Bitcoin really got wiped out, but Bitcoin is still managing to creep up higher, which means there is a lot of interest in the market to be buying more Bitcoin,” says Crypto Rover. Holding firmly above $37,000 is also a positive sign of buying demand.

Meanwhile, very negative funding rates suggest an overheated derivatives market, with excessive leverage from long positions. “The funding rates remain to be very negative, basically meaning that people are overly trading Bitcoin long at this exact moment,” Crypto Rover comments.

From a technical perspective, Crypto Rover highlights a symmetrical triangle formation on the 4-hour chart that could break out upwards. “Bitcoin is creating that 4-hour symmetrical triangle and breaking outside of this pattern towards the upside,” he remarks.

If Bitcoin confirms this bullish technical breakout, Crypto Rover’s analysis indicates the rally could continue towards new highs. “We’re currently still hanging around the price target that we’ve already reached,” he concludes.

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The post Tether Fires Up the Bitcoin Rally Engine According to Top Analyst – Here’s His BTC Outlook appeared first on CaptainAltcoin.

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Tether (USDT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.9994
Капитализация $0 Rank 99999
Цена в час новости $ 1.0006 (-100%)

tether usdt analyst bitcoin youtube printing video

Источник: captainaltcoin.com

tether usdt → Результатов: 126


Фото:

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Tether заморозил более $344 млн в USDT на двух адресах в сети Tron после того, как американские власти пометили кошельки как связанные с незаконной деятельностью. Заморозка проведена в координации ...

2026-5-1 19:16


Tether заморозила 13,4 млн USDT на 22 криптоадресах

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2025-10-18 12:45


В России планируют запустить свой стейблкоин

Согласно информации, полученной из ТАСС, Министерство финансов Российской Федерации рассматривает возможность создания отечественного стейблкоина, аналогичного USDT от Tether. Об этом заявил заместитель главы департамента финансовой политики ведомства, Осман Кабалоев.

2025-4-17 11:15


Tether отчиталась о 330 млн пользователей USDT

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2024-10-18 19:42


Tether анонсировала выпуск USDT на блокчейне Celo

Компания Tether запустит стейблкоин USDT на EVM-совместимом блокчейне первого уровня Celo. Tether Token (USDT) to Launch on @Celo Read more: https://t. co/KJ5emdMmXl pic. twitter. com/yTDkzKnhev — Tether (@Tether_to) March 11, 2024 Согласно заявлению, экосистема сети охватывает свыше 1000 проектов в более чем 150 странах.

2024-3-12 20:10


Tether анонсировала инструмент восстановления USDT

Выпускающая стейблкоин USDT компания Tether представила инструмент восстановления активов. Safeguarding Tether Tokens: A Comprehensive Approach to Blockchain Resilience and User ProtectionRead more: https://t.

2024-3-4 19:50


Stage 1 selling out fast – Why Solana (SOL) and Tether (USDT) investors are adding Kelexo (KLXO) revolution to their portfolio early

Solana (SOL) was among the top gainers in the crypto world in 2023, while Tether (USDT) still remains the top stablecoin by market capitalization. However, the focus has shifted away from both big-cap coins in favor of new, exciting and innovative protocols with a good chance of turning in outsized returns on investment.

2024-2-8 01:00


Американский суд требует у Tether раскрыть информацию об обеспечении USDT

Суд округа Нью-Йорк потребовал от Tether раскрыть обеспечение стейблкоина USDT и доказать привязку актива к доллару США. Об этом сообщается в судебном иске. Согласно документу, от Tether требуют предоставить финансовые показатели компании, отчеты о прибылях и убытках, выписки о движении денежных средств и так далее.

2022-9-22 19:47


Tether планирует сократить поддержку USDT ценными бумагами

Компания Tether, эмитент стейблкоина USDT, заявила, что надеется в будущем полностью избавиться от «коммерческого бумажного обеспечения» своей стабильной монеты, привязанной к доллару США.

2022-6-16 15:05


Tether переместит более $1 млрд из Tron в Эфириум и Avalanche

Разработчики стейблкоина Tether из компании Tether Limiten заверили трейдеров в надежности своего USDT и предупредили о спекулянтах, старающихся заработать на манипуляции мнениями.

2022-5-13 14:22


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