2020-2022 macro picture:
Crypto at $3T current adoption boundaries. Need another retail wave to break.
Crypto above $2T: bullish
Crypto between 1.5-2 Trillion: Indecisive, crab market.
Crypto at $1T is the new capitulation support.
Current range of market cap around 5x of 2016-2019 price band with a parallel amount of user increase (50 million > 300 million in 2 yrs).
Crypto at $3T current adoption boundaries. Need another retail wave to break.
Crypto above $2T: bullish
Crypto between 1.5-2 Trillion: Indecisive, crab market.
Crypto at $1T is the new capitulation support.
Current range of market cap around 5x of 2016-2019 price band with a parallel amount of user increase (50 million > 300 million in 2 yrs).
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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.