Is BTC at the end of its bullish cycle?Bitcoin / TetherUSBINANCE:BTCUSDTEspeculador96As can be seen in Figure 1.1, BTC exhibits an extremely clear behavioral pattern, showing a mean reversion, specifically toward the trend line on the weekly chart. On the other hand, a bearish divergence in the MACD reveals the weakness and lack of interest currently prevailing, which supports the hypothesis of a likely correction. Figure 1.1 On the daily chart, I show how a modified Ichimoku indicator also reveals a behavioral pattern (Figure 1.2). I projected what I believe could happen: I think the price, as it has done before, could rise strongly, possibly even surpassing the previous high, before correcting to $100,000. Figure 1.2 Is this the end of the bullish cycle? USDT Dominance (USDT.D) USDT dominance (USDT.D) is an indicator that measures the percentage of Tether’s market capitalization relative to the total capitalization of the entire cryptocurrency market. This indicator is fundamental because it provides a relative figure that, unlike absolute market capitalization, offers context for comparing USDT’s influence within the entire ecosystem. The most conventional and widely accepted interpretation of USDT dominance is that it maintains an inverse correlation with the price of volatile crypto assets, particularly Bitcoin (BTC). When investors experience fear or uncertainty, they tend to sell their risky assets (such as BTC) to move their capital to a safe haven that retains its value. USDT, with its parity to the dollar, is the quintessential destination for this capital. Therefore, an increase in USDT dominance is commonly associated with a drop in BTC’s price and a bearish market sentiment. The USDT.D chart moves in the opposite direction to the price charts of major assets, acting as a barometer of risk aversion. What does USDT dominance indicate? As can be observed in Figure 1.3 on a weekly USDT.D chart, we are witnessing the formation of a triple bottom, a classic and highly effective pattern in the appropriate context. If, as this reading suggests, dominance increases, there is no doubt that BTC will reach $100,000, in line with our previous analysis. Figure 1.3 Will BTC consolidate and continue to rise? It is highly likely that USDT dominance will result in a continued increase once the triple bottom formation is fully established, which would align with the end of BTC’s bullish cycle. A significant correction could lead to BTC losing up to 50% of its value.