CRYPTO TOTAL MARKET CAPITALIZATION is still declining
CRYPTO TOTAL MARKET CAPITALIZATION is still declining; perhaps for at least the next 30 days. The Brexit-Recession does not seem to be arriving at least until 2020-06-06 as the present Black Friday mega consumer spending spree fuels the economy. The growth rates is about 80% consumption-based in the USA.
Comment:
We could see a correction back down closer toward 2021-03 as many businesses may decide to restock their inventory post-mega-consumer-spending-period of the year known as "Black Friday", "Holiday", & other factors of stimulus or seasonal-based money returns. Normally, in my opinion, JUNE is the weakest month of the year as it is furthest away from the above seasonal shopping dates... at least in linear calendarial time. However, the extended long-run motion (6-12 year path) is still very positive.
Comment:
I expect BTC to rise at least until 2021-06-06 and perhaps as late as 2022-03 on the new trend after the pandemic altered my forecast with different investing actions from perhaps millions.
Comment:
Past 8 months = Bearish Head & Shoulders
Comment:
Mid-month weekday-start (first weekday after the 15 th of the month) data is currently reflecting... 2021-10 = relatively flat. 2021-11 = decline. 2021-12 = increase. 2022-01 = relatively flat. 2022-12 = increase.
Comment:
The white lines are the BTC halving cycles. It appears that BTC may peak around 9-11 to 10-10 of 2021; based off of the past distance from the halving cycles. The M-shaped curve may see a second peak of around 51k to 76k with a midpoint of around 66.6k.
Comment:
This chart is easier to see:
Comment:
BTC is likely to decline over the next 12 months. However, after an estimate 2022-09-11 date, it is very likely to being increasing based off off the extended long-run historical data and trend.
