irCryptoClub - TOTAL - Total Market Cap

Total Market cap

With the beginning of a downward wave towards the support indicated in the chart and penetration into this area, the short-term uptrend of the market was lost.

According to the trend drawn in the chart and analysis of bitcoin, as long as the market volume is less than 2360 billion dollars, the downward scenario of bitcoin and the market volume is maintained and the volume index is expected to decline to 1700-1800 billion.

In case of any change, the analysis will be updated again

Trade closed: target reached:

With the short-term trend hitting the bottom and also the downward trend breaking, it is expected to continue its movement and move up to the range of 2250-2400 billion dollars.

Accordingly, due to the impact on the long-term trend ceiling and assuming the formation of the wave specified in the chart of the downtrend scenario, the market is still stable and the probability of continued market recession after hitting the specified levels is high.

If it crosses the specified resistance range, the analysis will be updated