2021 BTC (Bitcoin) and Altcoins, famous for accurately calling the Digital Asset Cycle Top, are believed to be more likely to pop out this week.
The analyst known as Pentoshi says that 855,900 followers in social media platform X are tracking the total market cap of encryption except for the largest digital assets and stable assets.
“Favorite (last week’s candle)…
He thinks that another chart will soon have a series of rally and can support the level of $ 280 billion in the weekly chart.
“This will be the most decisive place in terms of trends, items and outlets in the near future. The $ 250 billion took longer and is very close to the level of invalidation of HTF (high time frame). $ 28.1 billion is our regional resistance, but we want to see it reaching $ 300 billion.
Again, we could stand here. The $ 32 billion is a large part of the outlet point, and it can come back again if it is reversed. At that point, you don’t have to pay a lot of money to confirm the upside, so it’s cheaper. ”
Others are trading at $ 271.4 billion to write.
Pentoshi says that BTC looks strong despite the onslaught of the weak news.
“it’s crazy. Everything has happened in the last few months and this is the appearance of BTC. ”
At the time of writing, Bitcoin is traded for $ 96,228.
Earlier this month, Pentoshi predicted that the market capitalization of encryption would be evaluated in the first quarter of this year.
“Maybe this quarter.”
At the time of writing, Crypto’s total market cap is $ 3.134.
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Created image: Midjourney