CRYPTO TOTAL CAP. A big bleed before 2023?

11 окт. 2022 г.

The current macro economic context is getting both interesting and difficult to participate. We are facing a liquidity crisis across the markets because of FEDs and other central banks' policies. On the other hand, inflation is still a beast that seemingly can't be tamed at the moment.

With that in mind, the Crypto market cap is going on the side-way in the last few weeks. No big rallies, communities are quiet, and venture funding activities are getting thinner.

On the charts, we suspect a dump might come soon, and broke down the BTC's 18k - 20k support. If this occurs, 15k seems like reasonable psychological support to place your bid. The Crypto Total Market Cap might hit 780B - 800B when this happens.

This level of CRYPTO TOTAL CAP is also the last line of defense for the bulls. If this broke down, bulls will be forced into liquidation, making price dump further.

If things went south, CRYPTO TOTAL CAP might hit 600B zone one last time before the bull cycle begins again. This equivalent to BTC price fell to the ~10k - 12K zone.

Chainslab do not doubt that CRYPTO TOTAL CAP will one day reach $10 Trillion, and BTC will reach at least 100k, but it will have to visit another low first.

We truly hope that we are wrong, and that the bull market will start soon though. But winter is still going on, and investors should do everything to protect their portfolios first.