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Crypto market

Bitcoin Total Market Cap Update – Strategic Scenarios AheadAs of May 8, 2025, the total cryptocurrency market capitalization stands at approximately \$3.012 trillion, reflecting a 2.17% increase from the previous day . Bitcoin's market cap is around \$1.962 trillion, with a current price of \$98,798.11 . Given these figures, we are considering the following potential scenarios for the crypto market: --- 1. Break Above \$3T and Hold ✅ (30% Probability) * The market breaks through the \$3 trillion level. * Retests it as support. * Continues the bullish momentum from there. --- 2. Rejection and Consolidation 🔁 (50% Probability) * Price gets rejected at \$3T. * Moves sideways between \$2.8T and \$3T. * Eventually breaks out and retests \$3T as support before resuming upward. --- 3. Bearish Turn Below \$2.8T 🔻 (20% Probability) * Rejection at \$3T. * Market loses \$2.8T support. * Retests \$2.8T as resistance, followed by further downside pressure. --- Key Levels to Watch * \$2.8T and \$3T are critical zones. Movements between these levels indicate uncertainty and should be approached with caution. --- Our Perspective A retest of \$3T as support could present the strongest buying opportunity of this cycle. We urge everyone to stay alert, analyze carefully, and prepare accordingly. Golden Cross is looming — remain focused and disciplined. --- Stay updated and connected: With best regards, Team ProCryptoEdge Educate. Empower. Elevate.
CRYPTOCAP:TOTALShort
by kripalsingh381
STX entry 1.8 to 2.06 through 4.Stacks ($STX) is a layer 2 (or as described by Stacks as a Layer 1.5) smart contract protocol that lives on the Bitcoin blockchain. Via Stacks DeFI and other utility/protocols including City Coins (currently being minted by New York City and Miami and soon Austin and others), while other DeFi platforms built for Bitcoin live on other layer 1's (i.e. Badger on Ethereum), a smart contract protocol on top of the most secure blockchain may or should not only assist in avoiding a "flippenning" but is critical at a time where multi/cross/para chains are the current solutions to avoid bouncing protocol to protocol. Additionally Stacks was both the first cryptocurrency to be acknowledged by the SEC as a security and also to be no longer recognized as a security by the SEC after successful adoptions. DYOR, Grayscale and partners have significant involvement in Stacks and was instrumental in the SEC approvals. This is pure gut but my gut says Grayscale will be the first BTC ETF approved by the SEC due to familiarity, etc. Fractals show a similar pattern having already taken place, expect a full push or a pullback and then push to and through $4. Naturally as tied to Bitcoin, BTC volatility could slow or speed up the growth of STX, but smart contracts on the Bitcoin blockchain is powerful and not discussed nearly as much as one would expect. The stacking opportunities and ecosystem being built around Stacks i.e. City Coins (read NY and Miami Mayoral comments on plans) make this a long term hold for those who want, as blockchain continues to proliferate real world applications beyond just crypto.
Long
by dbeider
1
BTCUSDT Breakout –8 May- Eyes on $106K NextIdea: Bitcoin has broken out of a prolonged accumulation range with strong bullish confirmation across multiple timeframes. The price has reclaimed structure above GETTEX:98K and is pushing higher within a rising channel. This sets the stage for a potential move towards the $106K–$110K zone. Why: Confirmed Break of Structure (BOS) and Change of Character (CHoCH) on 4H and 1D charts. Price broke out of the previous resistance zone and is holding above the POC near $98K. RSI is trending above 70 – showing strength, not exhaustion. ADX and DMI indicate a strong bullish trend – buyers (blue) are firmly in control. MACD histogram turning green again – supporting upside continuation. Volume is increasing, confirming genuine momentum behind the move. How to Trade: Entry: Buy on retest near GETTEX:98K –$99K. Target: $106K (first target), $110K (channel top). Stop-loss: Below $96K (invalidates the bullish structure). Risk Tip: Use proper position sizing – breakout trades can be volatile. Protect capital, let profits run.
Long
by MyTradingJournal6th
calling 88k area, details below, eth trade closed <perfect/earlyCalling 88K Again — Here’s Why I'm calling for 88K again, and there are multiple reasons behind this view — both technical and structural. One key perspective I like to focus on is the weekly chart. Typically, weekly candles tend to retrace to their 50% level, especially when there's a fair value gap involved. In this case, we have a weekly FVG candle whose midpoint aligns with several other areas of confluence. ill show an old chart i did this kind of TA on and the current one below. As you'll see in the TA below: When I pull a Fibonacci retracement from the low to the current high, the 0.618 zone lines up beautifully. When I pull a fib from the base of the impulse (i.e., the origin of the move) to the current high, I’m getting a 0.382, suggesting potential for a bullish bounce. When I overlay the full volume profile of the range from above, it lands us right on a major volume shelf — essentially the value area low of the current macro structure. It’s also the 50% retracement of the current weekly candle. Many of the SMA's converge in this area also ill show in the notes below. Structurally, it represents a retest of the lower range (from the consolidation) versus the breakout into the higher range. On top of all that, if you look at the weekly chart (see below), we just SFP’d the Point of Control (POC) from the entire upper distribution since November 2024s— a key liquidity grab that often precedes major upside continuation. All signs point to a healthy retracement and bounce from here. 88K is still very much in play. I don't know if this is it and we go down to the 69k area I'm keeping my sights on its totally probably this was and is a dead cat bounce...or we get a bullish bounce and go to ATH. I can NOT be sure of it until more data appears as time goes on. I closed my eth trade from my previous post early but made a great money. closed at 1762 april 22 then opened at 1760 on april 30 retrace and road up to 1825 may1st before that last impulse up. early but pfft. great trade.
INDEX:BTCUSDShort
by AtticusFreeman
1