Analysis: Crypto market cap to rise until April 2025
July 16, 2024, 2:35 PM
Crypto strategist Jason Pizzino, in a new YouTube video, said that Bitcoin is showing signs of breaking out of a downward trend on the monthly chart, according to The Daily Hodl. Using the Elliott Wave theory, which analyzes price movements in predictable waves influenced by crowd psychology, Pizzino suggests that the total crypto market cap could reach over $4.4 trillion by April 2025. He believes that the market is entering the fifth and final wave, which typically signifies a peak in the pattern.
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