📈 Slowly but surely, the Total Cryptocurrency Market Cap (TOTAL) continues to climb, setting new records week after week. So, what’s next? 🙃
☕️ This is just a theoretical model based on the "Cup & Handle" pattern. But, judging by the “height” of the cup — roughly +300% (from the previous high of $3T to the bottom around $730B) — the current breakout could potentially lead to another threefold increase, putting the peak around $11 trillion.
From current levels, that’s only about +160%, which isn’t unrealistic if global FOMO kicks in as it did in previous cycles. 🔥
Of course, this is a simplified model and shouldn’t be taken as financial advice — but I highly doubt this cycle will end without one final explosive rally. 🚀
☕️ This is just a theoretical model based on the "Cup & Handle" pattern. But, judging by the “height” of the cup — roughly +300% (from the previous high of $3T to the bottom around $730B) — the current breakout could potentially lead to another threefold increase, putting the peak around $11 trillion.
From current levels, that’s only about +160%, which isn’t unrealistic if global FOMO kicks in as it did in previous cycles. 🔥
Of course, this is a simplified model and shouldn’t be taken as financial advice — but I highly doubt this cycle will end without one final explosive rally. 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.