Total market capitalization is trying hard to break above current resistance level at $1.2 trillion. It has been 4 consecutive weeks attempting to break out above this zone but all of the efforts were meaningless.
Remember that the longer time the capitalization tries to break above, the bigger the saturation effect will which means that if there isn’t any break out occurs in the near future, the trust level will eventually drops and people start to panic again.
Just to be frank, no one knows what will happen next for sure because of this shitty price action on BTC and unreasonable altcoins pump as well. But if I have to bet, the verdict I choose is going down.
When the majority of people are expecting a pump, you know that you have to go against them because big money will liquidate the majority.
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@fastscalps
