Total Crypto Market Cap Bounces at 2018 ATH – Good Time to Buy?
— Suggesting buyer interest, Cap, Bounce, Wick, Historical support, Minutes, Almost 15, Bounces, Take time, Low price levels — 1 min read
The total crypto market cap hit the previous top of the 2017 bull run – peaking in Jan 2018 at $761 billion. The June close (and July open) was around $870 billion, for a bounce so far of almost 15% suggesting buyer interest in cryptocurrency at these low price levels. While a bottom can take time to form, some would consider now a good time to buy crypto as a long-term accumulation play – based on the June monthly close not breaking below that horizontal support line, and bulls forming a wick above it. Bullies stepped in minutes before the June 30th Bitcoin daily close to pump the BTC price over $1,000. Bullies also stepped in to pump up the price of the BTC. Source