The latest weak point within the cryptocurrency market did nothing to negate the six-week uptrend, even after failing to check the channel’s bandwidth caps on February twenty first. The whole cryptocurrency market capitalization stays above the psychological $1 trillion and, extra importantly, cautiously optimistic after a brand new spherical of destructive rhetoric from regulators.
As proven above, the uptrend channel that began in mid-January has room for an additional 3.5% correction to drive market cap all the way down to $1.25 trillion whereas sustaining a bullish formation.
Maintain studying on Cointelegraph
