#TOTAL MARKET CAP ANALYSIS

in btc •  last year 

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#TOTAL MARKET CAP ANALYSIS

The total market cap has experienced a pump following the breakout of the descending triangle pattern. Presently, it is trading below the MA 100 but above the MA 50. Additionally, the price is situated within the Ichimoku cloud, indicating a sense of indecision in the market.

As long as it continues to trade above the descending triangle pattern, the trend remains bullish. A strong confirmation of this bullish sentiment would occur with a solid breakout above the MA 100.

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