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In a latest development, cryptocurrency analyst Crypto Rover has issued a bullish message in a recent X post.
Every time the $USDT dominance gets this high during a bull market.
— Crypto Rover (@rovercrc) January 8, 2025
It's a massive #Bitcoin & #Altcoin buy opportunity.
BUY THE DIP! 🚀 pic.twitter.com/wRvb7L1P9k
The analyst shared to his 1 million followers on X that every time the USDT dominance gets this high during a bull market. He noted that this signals a massive Bitcoin and Altcoin buying opportunity. Notably, he encouraged his followers as he advises to “BUY THE DIP!”
As of writing, the Bitcoin dominance stands at 58.11%, Ethereum Dominance at 12.25% and USDT’s dominance currently stands at 4.31%.
On the other side, despite short term bearish signals, the long-term outlook for bitcoin remains bullish from a technical perspective after the post-election breakout in November. Also, a Bitcoin price dip in Q1 2025 could be a good opportunity to buy before its next rise later in the year.