Crypto Total Market Cap ($TOTAL)
Disclaimer: All the information and analysis serve only as educational purposes and hence should not be regarded as investment advice.
Here is my thought on the potential weekly price action of the crypto total market cap, TOTAL.
Overall, the market structure still remains bullish by consistently creating higher highs and higher lows since 2023 - currently price is forming the higher low. Horizontal support and diagonal uptrend trendline are both still respected. Historically, an RSI around 43 indicate a market bottom - current RSI is 43.1. Also, starting 2023, the return in Q1 and Q4 have proven to be positive while Q2 and Q3 have shown the opposite.
However, the tariff announcement by the U.S. President Donald Trump to Canada, Mexico, and China in Q1 2025 have created market uncertainty and thus, leading to market pullback in this quarter. BTC and ETH Spot ETFs have experienced net outflow in February 2025 although the outflows are slowing down in the beginning of March 2025. The fear and greed index has also entered into the fear area.
On the other hand, the signing of the U.S. Bitcoin Strategic Reserve and the social media post of U.S. Crypto Strategic Reserve (BTC, ETH, XRP, ADA, SOL to be specific) by President Donald Trump suggest improved future adoption of crypto not only by institutions, but also nations. For this reason, I believe that as of the date of writing, the total crypto market cap chart (
TOTAL) is reaching a local bottom of around 2.5T and will remain bullish for the rest of 2025 with a target of around 7.2T-8.7T by the end of the year.
Invalidation: If the price action shows a weekly candle close below the diagonal trendline and the previous low of 1.69T, then the above analysis will be invalidated and the crypto market may enter turn into bearish.
Here is my thought on the potential weekly price action of the crypto total market cap, TOTAL.
Overall, the market structure still remains bullish by consistently creating higher highs and higher lows since 2023 - currently price is forming the higher low. Horizontal support and diagonal uptrend trendline are both still respected. Historically, an RSI around 43 indicate a market bottom - current RSI is 43.1. Also, starting 2023, the return in Q1 and Q4 have proven to be positive while Q2 and Q3 have shown the opposite.
However, the tariff announcement by the U.S. President Donald Trump to Canada, Mexico, and China in Q1 2025 have created market uncertainty and thus, leading to market pullback in this quarter. BTC and ETH Spot ETFs have experienced net outflow in February 2025 although the outflows are slowing down in the beginning of March 2025. The fear and greed index has also entered into the fear area.
On the other hand, the signing of the U.S. Bitcoin Strategic Reserve and the social media post of U.S. Crypto Strategic Reserve (BTC, ETH, XRP, ADA, SOL to be specific) by President Donald Trump suggest improved future adoption of crypto not only by institutions, but also nations. For this reason, I believe that as of the date of writing, the total crypto market cap chart (
TOTAL) is reaching a local bottom of around 2.5T and will remain bullish for the rest of 2025 with a target of around 7.2T-8.7T by the end of the year.Invalidation: If the price action shows a weekly candle close below the diagonal trendline and the previous low of 1.69T, then the above analysis will be invalidated and the crypto market may enter turn into bearish.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.