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A top crypto analyst and trader says Bitcoin (BTC) and the rest of the crypto markets are on the cusp of a massive breakout that can push the valuation of all digital assets to $10 trillion.
Justin Bennett tells his 73,600 followers that the TOTAL chart, which tracks the market capitalization of all cryptocurrency assets, is threatening to take a crucial resistance area.
“Total crypto market cap is holding steady below resistance. $2.4 trillion is the level to break. $2.44 trillion to be safe.”
Bennett predicts that once TOTAL takes out its final resistance area, the skies are clear for a rise to $10 trillion in a matter of months.
“Total crypto market cap is testing its May trend line. Break that and carve fresh all-time highs, and we just might get that $10 trillion market cap in early 2022. Weekly chart.”
In other trending Bitcoin News today: Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant!
Bitcoin looks poised to pursue a run-up towards $100,000 as its price breaks out of a classic bullish structure.
Dubbed as the Bull Pennant, the setup represents a price consolidation period with converging trendlines that form after a strong move higher. It ultimately prompts the price to break out in the direction of its previous trend to a level typically at length higher by as much as the size of the initial large move.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3BvWiES
✔ Bitcoin Bulls HODL Strong: https://bit.ly/3BCKkt0
✔ BTC’s $100K Price Target Returns: https://bit.ly/3FEsYyv
✔ Crypto $10T Prediction: https://bit.ly/3AAe5cH
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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