Crypto Market: Is the Bubble Bursting or the Bull Run Ongoing?

13 Mac

The total market capitalization of the crypto market increasingly seems like we might soon see a reversal for Wave 3, as there isn't much room left for upward movement. We would reach the all-time high in market capitalization just above the 361% extension for Wave 3. Thus, we don't believe there can be much further upward movement. Afterward, we should see a significant decline, potentially into the target area of Wave (B). We're not trading this directly; it's included purely as support for our analysis. Then, we'll look to develop Wave (1) further and see one final push. We're essentially anticipating that after this downturn in market capitalization for Wave 4, we might see a surge in altcoins before a more significant and prolonged correction downward for the overarching Wave (2). It's important to remember that we are in an overarching Wave III, indicating significantly rising prices in the future.