CryptoMichNL: Crypto Cap Mirrors Cycle Bottom
@CryptoMichNL reports total crypto market capitalization replicating the prior cycle low with bullish MACD and RSI divergences, forecasting months of consolidation before a new Bitcoin all-time high.
SourceAnalysis
CryptoMichNL states the total crypto market capitalization is replicating the previous cycle bottom, with massive bullish divergence visible on both MACD and RSI, setting up a strong push to clear liquidity above the prior high followed by multi-month consolidation and a new Bitcoin all-time high in three to five months. BTC trades at $81669.61 on the 4h chart inside a bearish structure where price tests the lower Bollinger Band support at $81781.26 while the EMA50 at $83328.41 and EMA200 at $82307.79 cap upside; the MACD death cross at -199.71 and neutral RSI at 37.4 together point to short-term volatility exhaustion that could extend the grind lower before any alignment with the higher-timeframe bullish divergence.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast