The cryptocurrency market is on the rise since we entered into the new Decade. Total Crypto Market cap is currently valued at 272B, It has added an additional 100B$ market cap in the last 40 Days, witnessed a 54% increase in total market cap.
We can see a huge breakout in the overall cryptocurrency market, and the total market cap can reach above 400$ in the next two months. Let’s look at technicals to understand why?
Technical Analysis
We can clearly spot a massive bullish pennant formation on the chart, which provided support at 166B$, and TOTAL Market Cap is currently teasing a breakout above 270B$.
Looking at current Bitcoin and altcoins bullish momentum, It is very likely that the Total Market cap can successfully breakout from the pennant, and close above 270B$. And If that happens, then we can see a 400B$ market cap pretty soon in the near future, Mostly before bitcoin halving.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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