TOTAL Cryptos Market Cap; still shifting down to historical low
Updated
The TOTAL Cryptos Market Cap is still shifting down to the recent historical low; which were from 2018-11 though 2019-04. Conclusion: The current 189 Billion could return to 136 Billion within the next 30 to 60 days; followed by a correction upward, perhaps, closer toward the estimated Brexit-Recession & BTC halfing event around 2020-06-06.
Note
After the TOTAL Cryptos Market Cap reached a bottom on 2019-12-19 at the 165 Billion level, just like I estimated, it would have probably have reached the 136 Billion by the 60 day window that I mentioned (by 2020-01-24); however, the global pandemic "changed" everything on "2020-12-31".The markets then flash crashed (temporarily) around 2020-02-16 to 2020-02-24 when the The WHO-China Joint mission, which included experts from Canada, Germany, Japan, Nigeria, Republic of Korea, Russia, Singapore and the US (CDC, NIH) spent time in Beijing and also traveled to Wuhan and two other cities. They spoke with health officials, scientists and health workers in health facilities (maintaining physical distancing).
Then the markets continued to flash crash after the spread worsened globally. After stimulus was being planned the markets began to recover for cryptos at the bottom at the 107 Billion level on 2020-03-13.
After 2020-03-13 with many stimulus planning efforts, the TOTAL MARKET CAP recovered and is continuing to increase. It is very likely that we may see an increase until 2021-06-06 and possibly until 2022-03. All of this depends on future unexpected actions. Please speak with financial advisors as this is NOT financial advice.
Note
Past 8 months = Bearish Head & ShouldersNote
Mid-month weekday-start (first weekday after the 15 th of the month) data is currently reflecting... 2021-10 = relatively flat. 2021-11 = decline. 2021-12 = increase. 2022-01 = relatively flat. 2022-12 = increase.Note
The white lines are the BTC halving cycles. It appears that BTC may peak around 9-11 to 10-10 of 2021; based off of the past distance from the halving cycles. The M-shaped curve may see a second peak of around 51k to 76k with a midpoint of around 66.6k.
Note
This chart is easier to see:
Note
BTC is likely to decline over the next 12 months. However, after an estimate 2022-09-11 date, it is very likely to being increasing based off off the extended long-run historical data and trend.
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