Crypto Market Cap - $32 trillion in range! Gold in danger!
It took the crypto market 12 years to achieve $1 trillion market cap on 6 Jan 2021 (BTC was launched on 3 Jan 2009).
How long did it take for us to double that to $2 trillion? 3 months (6 Jan to 10 April 2021).
What does this tell us? We are going exponential and this ride only started. Massive adoption is taking place at an unprecedented rate.
The first big question was if this large wedge in blue that we have created since Jan 2021 would break up or down... well, we have our answer now. We broke up and with it, we passed the $2 trillion market cap. 🙃
This is a very bullish signal given by pure price action. There is no fundamental analysis needed here, price is clear. We are going higher and fast.
At this rate another doubling of price will take us to $4 trillion or almost HALF the market capitalization of gold or three times that of silver!
Lets see how fast we double again, normally it should be in less than 3 months...
Where am I getting at? If we are to project a similar increase percentage wise like last bull market (2015-2018), the crypto market should top around $32 trillion. Impossible most will say. I think it's just a matter of time, if not this bull market, the next for sure.
Regardless, this is a clear indicator that BTC and the alt market have massive gains still to be had, so enjoy the ride, this party ain't over, it just started baby. The parabolic gains to come will make history.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
How long did it take for us to double that to $2 trillion? 3 months (6 Jan to 10 April 2021).
What does this tell us? We are going exponential and this ride only started. Massive adoption is taking place at an unprecedented rate.
The first big question was if this large wedge in blue that we have created since Jan 2021 would break up or down... well, we have our answer now. We broke up and with it, we passed the $2 trillion market cap. 🙃
This is a very bullish signal given by pure price action. There is no fundamental analysis needed here, price is clear. We are going higher and fast.
At this rate another doubling of price will take us to $4 trillion or almost HALF the market capitalization of gold or three times that of silver!
Lets see how fast we double again, normally it should be in less than 3 months...
Where am I getting at? If we are to project a similar increase percentage wise like last bull market (2015-2018), the crypto market should top around $32 trillion. Impossible most will say. I think it's just a matter of time, if not this bull market, the next for sure.
Regardless, this is a clear indicator that BTC and the alt market have massive gains still to be had, so enjoy the ride, this party ain't over, it just started baby. The parabolic gains to come will make history.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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