1T Market Cap was reached violently, topped at 1,117T, in three weeks starting from 577B on March 25th. The option of an accumulation area at this level is now reasonable. February ATH 700B was followed by a month and a half of retracements and accumulation. Now the RSI is in overbought area as well as in February in the daily chart, but the weekly chart is still super bullish pointing directly to 1,25 T at least. I won't worry anyway, 'cause in 2026 the total crypto market is expected to rise to 11 Trillion by traditional investors...It might be far bigger.
Hi ! My target for total2 is 1.5T before retracements, it will represent a high resistance. My forecast is 1.5T for the end of April/beginning of may. Then, 2 possibilities : We brake this resistance for new prices or we'll see an important retracement in order to continue this summer : 100T for the end of 2021. 2021 Gonna to be sick !
Paolo-Brich
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@theofieux, wow! 100T seems to be too far right now, I'd settle for 10T at the end of this cycle, but I hope you're right! Cheers
@DukeDinhd6, Yeah, I'd sign it!! But 6.5T for this year still seem to me too optimistic. I said 10 just to be more realistic than 100T as the previous comment. If you have some data to base your prediction and you want to share them, I'd love it!