The Bull Market Hasn’t Started, yet.

1. In this chart, I compared the Bitcoin price to USDT Dominance.
   
2. There is an inverse correlation between the Bitcoin price and USDT.D. Meaning that as the Bitcoin price goes up, USDT.D goes down.
   
3. During the 2022 bear market, the bitcoin price was in a downtrend while USDT.D was rising in an Ascending Broadening Wedge.
   
4. An Ascending Broadening Wedge is a bearish reversal pattern. The breakdown target of this pattern is 4%, minimum.
   
5. The implications for the Bitcoin price are a bit speculative but, considering the inverse correlation, I expect Bitcoin to make it to 45K in 2023.
   
6. We are in the pre-bull phase. The best is yet to come.
   
7. Please read my analysis of the TOTAL 3 chart and of the BTC.D charts for more context.
   

NFA.
What do you think? Please share in the comments.
Best Wishes