- Total crypto market cap setup for the largest breakout ever.
- The breakout will be against the US Money Supply.
- All digital assets are preparing for a bullish run ahead.
The crypto market has been showing many bullish indicators across many charts, signals, factors, and formations. While readers are looking at BTC and ETH prices and hoping to see new ATH prices, one reputed analyst sees a much more interesting formation. To highlight, the total crypto market cap setup seems to be ready to experience its largest breakout ever against the US money supply.
Total Crypto Market Cap Setup for Largest Breakout Ever
The crypto community is always on the lookout for bullish signs, signals, and indicators across multiple internal and external factors. For instance, crypto price charts are the most common option to find bullish pump patterns for promising indicators signaling powerful or significant price pumps for any digital asset within the crypto market. Presently, analysts are on the lookout for the next big indicator.
So far, plenty of bullish signals have been found are are being watched consistently by seasoned traders. For example, the golden cross formation on ETH and BTC charts has been in the limelight over the past for days. Most recently, drawing the attention of reputed crypto analysts today is the total crypto market cap chart. According to a highly reputable analyst, the biggest breakout ever is upon the crypto market.
As we can see from the post above, this reputed crypto analyst says that the setup as depicted in the image from the post shows the total crypto market cap going through perhaps its largest breakout ever against the US Money Supply. He concludes, saying that the market looks to be early in the resulting run and that a massively bullish pump lies in store for Bitcoin and altcoins on all levels.
Bullish Run Ahead for Crypto Prices
The M2 Money Supply has always been a promising indicator for signaling a crypto price pump. To highlight, the price of Bitcoin (BTC) always follows the M2 money supply, with a lag of about 2-3 weeks. Presently, the M2 Money Supply is hitting new highs, which means crypto prices will follow soon. The post above shows that the cycle top level of the Bitcoin Golden Ratio Multiplier signals hitting the $181,000 price range, and could still go higher.
Just as the pioneer crypto asset Bitcoin aims for higher highs, the pioneer altcoin asset Ethereum (ETH) also seems to be going strong. As we can see from the chart shared in the post above, this analyst highlights the red/mixed day with stocks slowing Ethereum down a bit, but also expects a green candle for a Turnaround Tuesday event.
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