The crypto market has seen a resurgence in recent months, as Bitcoin price bounced off what appears to be its final bear market bottom , and rallied to $5,000 where it’s currently consolidating.
The most recent move took the overall crypto market cap, which includes all altcoins and Bitcoin , from $140 billion, to $180 billion where it was rejected at strong resistance. Should the total market cap break the current resistance level, one analysts believes a nearly 40% rise is in the cards, taking the crypto market cap potentially to $225 billion.
Crypto Market Cap Could Reach $225 Billion If Resistance Is Overcome
Price action in the crypto market is heating up once again, as bullish sentiment and an apparent alt season made a return. While Bitcoin’s rejection at $5,400 has caused the overall market to bleed out a bit during the pullback, the potential for further upward movement is high given the fact that many indicators are pointing toward a new uptrend .
#Crypto Total Market Cap (Calculated by #TradingView ) : Current $161.9 Billion, Important Support now at $158 Billion & $144 Billion and resistance at $180 Billion, if manage to break out above $180 Billion then next possible Target will be at $225 Billion.Plz RT & SHARE <img src="https://s.w.org/images/core/emoji/11.2.0/72×72/1f64f.png" alt="