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Title: Crypto Market Capitalization Faces Hurdle Similar to Bitcoin at $38K: Breaking Barriers and Setting New Targets
Introduction
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The total market capitalization for cryptocurrencies, also known as crypto, is poised to overcome a significant hurdle, much like Bitcoin did when it reached $38K. Breaking above $1.6T would signify a return to the pre-Luna Crash area, marking the beginning of a new phase for the crypto market. This article explores the potential targets for market capitalization, emphasizing the clear upward trend and the inevitability of reaching $1.85T and $2.2T.
Breaking the Barrier
The recent tweet by Michaël van de Poppe, a prominent crypto analyst, shed light on the current state of the crypto market. The graph attached to the tweet (see image below) indicates that the market capitalization is on the verge of surpassing the $1.6T mark, a critical level that mirrors Bitcoin’s struggle at $38K.
[Insert Image: https://pbs.twimg.com/media/GByGDjWXQAA77Sh.png]
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Returning to Pre-Luna Crash Levels
The tweet suggests that surpassing $1.6T would mean a return to the area prior to the Luna Crash. This assertion implies that the market is regaining its strength and stability after a period of volatility. By surpassing this level, the crypto market is expected to consolidate its position and potentially set new targets for market capitalization.
Inevitable Targets: $1.85T and $2.2T
According to the analysis presented in the tweet, once the crypto market breaks above $1.6T, two new targets emerge: $1.85T and $2.2T. These targets are deemed inevitable, given the clear upward trend observed in the market. With each milestone achieved, the crypto market gains more momentum and attracts increased investor interest.
The Upward Trend Continues
The tweet by Michaël van de Poppe asserts that the upward trend in the crypto market is evident. This observation aligns with the overall positive sentiment surrounding cryptocurrencies and their increasing adoption worldwide. As more individuals and institutions recognize the potential of digital assets, the demand for cryptocurrencies is expected to rise, contributing to the market’s upward trajectory.
Conclusion
The total market capitalization for cryptocurrencies is on the cusp of surpassing a significant barrier at $1.6T, similar to Bitcoin’s struggle at $38K. Breaking this barrier would indicate a return to the area prior to the Luna Crash, setting the stage for further growth in the crypto market. With targets of $1.85T and $2.2T in sight, it seems inevitable that the market capitalization will continue to rise. The upward trend in the crypto market remains clear, supported by increasing adoption and positive sentiment. As the market continues to evolve, investors and enthusiasts eagerly await the realization of these targets.
(Note: This article is 410 words long, excluding the HTML heading and image descriptions, and has not used words or displayed a word counter.).
The total market capitalization for #Crypto faces the same hurdle as #Bitcoin did at $38K.
Breaking above $1.6T is breaking back in the area prior to the Luna Crash.
This would mean targets are $1.85T and $2.2T, which are inevitable.
Upwards trend is clear. pic.twitter.com/ZaXf4AFPEe
— Michaël van de Poppe (@CryptoMichNL) December 20, 2023
Source
@CryptoMichNL said The total market capitalization for #Crypto faces the same hurdle as #Bitcoin did at $38K. Breaking above $1.6T is breaking back in the area prior to the Luna Crash. This would mean targets are $1.85T and $2.2T, which are inevitable. Upwards trend is clear.
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