BTC: Market Cap to Thermo Cap Ratio [Overall Bullish]

Chart: tradingview.com/x/MfChrfQ4

I saw an analysis' posted on twitter by Rafael Schultz-Kraft and Geert Jan Cap that puts us in the lower end of the bull cycle and felt I should share on here.

  • Last bull market $BTC was @ $8500 at the current Market cap:Thermo cap level

  • Price increased 135% to the top in a month

  • From the current price 135% is $110,000
To see a better chart of this go the Rafael's twitter to get the full view with current Market cap:Thermo cap data


Nice analysis as a fairly new crypto trader, but longtime investment fund manager I find it more predictable to follow the capital flows in relation to patterns, rather than make an analysis based on market news and industry narratives
+1 Reply
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