Total Marketcap Trading at a Range High.
The total market cap has tapped 1.7 Trillion 3 times recently. This 3rd tap is as BTC is trying to hold $47,000. If the market fails to push through this 1.7 Trillion level I see it as Bearish, indicating a potential correction in price. Anyway id love to hear some thoughts on this, feel free to leave a comment.
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.