Crypto Market Cap
TF: 1 Week
Money has been flowing into crypto and the total market cap for the market has been increasing over the last several months. Based on Volume Profiles and Fibonacci Retracements/Extensions, the market cap could hit ~12B in the next year or year and half if the bullish market continues to play out.
A pullback to $1.70 to 1.80T in the near term is warranted, but not needed.
Money has been flowing into crypto and the total market cap for the market has been increasing over the last several months. Based on Volume Profiles and Fibonacci Retracements/Extensions, the market cap could hit ~12B in the next year or year and half if the bullish market continues to play out.
A pullback to $1.70 to 1.80T in the near term is warranted, but not needed.
Note
Price retraced and tested the zone(s) around $1.7 to 1.8T shown above in the main chart. Some possible bullish moves may be coming to the crypto market if this area can hold and start moving higher with a sustained move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.