Will Total Crypto market cap fall to 1.2T? (medium term)
In my previous post covering Total Market Cap, I said that is "bye-bye happiness" for crypto holders and it can fall to 1.7. At that point, we were at 2.4 and now we are under the predicted figure.
So, can it go down further? In my opinion, YES. With Bitcoin struggling to keep its head above 35k and a lot of coins in critical support zones a new wave of sell will accelerate losses once more.
As I said, Total is trading under important 1.7-1.75T old support/now resistance and there is a high probability of continuation. The next clear and visible support is around 1.2 and only Total back above 1.8 would bring some light to this situation.
So, can it go down further? In my opinion, YES. With Bitcoin struggling to keep its head above 35k and a lot of coins in critical support zones a new wave of sell will accelerate losses once more.
As I said, Total is trading under important 1.7-1.75T old support/now resistance and there is a high probability of continuation. The next clear and visible support is around 1.2 and only Total back above 1.8 would bring some light to this situation.
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