Just looking the simple chart provided by Coinmarketcap … Seems we are right now in the border of another decisive moment. There is a Head and Shoulder pattern flying over the crypto market and the recent decrease in volume does not help so much to sustain the growth:
Market has reached an amazing value of 186 Billion recently but now is struggling at the 170 Billion area…if this trend holds longer and the market overpasses the 167 Billion I am afraid we are going to see again a drop to the 145 Billion, a total market cap value previous to this nice rise…
Will see what happens but I think the ACCUMULATION phase is going to take longer as it was expected.
Anyway, as I said, first we have to hold the 167 Billion line, if so, maybe this pattern will be peanuts for us because the rebound can bring us to the 220 Billion easily.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.