A popular crypto analyst thinks things could continue to get “a little crazier” in the ongoing digital asset bull market.
In a new YouTube video, Jason Pizzino tells his 353,000 subscribers there is a “nice psychological level” for the overall crypto market cap at the $4 trillion point.
[adinserter block="1"]The crypto market cap (TOTAL) currently sits at $3.646 trillion at time of writing and is down 1.39% in the past 24 hours.
Pizzino notes that he’s been looking at 150% of the crypto market cap range in the bull market between late 2022 and the February 2024 high, projected off the August 2024 low.
“It’s been working very, very well throughout the market. This is part of the analysis that we use to project price targets and support and resistance levels as well. And the next range we’re looking at is the 2022-2024 range, that 50% level, which often can be a resistance level, comes in at $3.8 trillion, so very close to the market action right now…
Further up, looking at around $5.3 trillion. So we have $3.8 trillion, $4 trillion is the psychological, $4.7 trillion, then $5 trillion and $5.3 trillion.”
Bitcoin (BTC) is trading at $118,828 at time of writing and set a new all-time high of $122,838 early Monday morning.
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