If Tether's 65.2% dominance in stablecoins experiences a pullback, it may catalyze a Bitcoin bull run cycle, redirecting funds towards risk assets. Technical Analysis shows that Bitcoin is consolidating around $114,016, with key support level at $112,300 and resistance level at $120,000. On-chain indicators show strong holding behavior and reduced selling pressure. USDT dominance continues to fall below 60%, and with Bitcoin breaking through $120,000, it may signal the arrival of a new bull market, with Bitcoin prices expected to reach between $130,000 and $200,000 by 2026.
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If Tether's 65.2% dominance in stablecoins experiences a pullback, it may catalyze a Bitcoin bull run cycle, redirecting funds towards risk assets. Technical Analysis shows that Bitcoin is consolidating around $114,016, with key support level at $112,300 and resistance level at $120,000. On-chain indicators show strong holding behavior and reduced selling pressure. USDT dominance continues to fall below 60%, and with Bitcoin breaking through $120,000, it may signal the arrival of a new bull market, with Bitcoin prices expected to reach between $130,000 and $200,000 by 2026.