In this episode of NewsBTC’s daily technical analysis videos, we are looking at the total cryptocurrency market cap with Bitcoin being so boring. We also compare past crypto winters to see when the deep freeze might end.
Take a look at the video below:
VIDEO: Total Crypto Market Cap Analysis (TOTAL): October 12, 2022
There isn’t all that much new to report. Bitcoin and other cryptocurrencies continue to move mostly sideways, as the market awaits the CPI data release tomorrow at 8:30AM ET.
Why Crypto Winter 2022 Resembles 2015 Bear Market
Much like Bitcoin, there is a slow moving showdown to gain control over daily momentum, according to the LMACD. On weekly timeframes, Bitcoin only just turned bullish last week, while the total crypto market cap has been bullish for several months now.
Comparing the LMACD across past bear market bottoms shows that the indicator is behaving more similarly to the 2014 and 2015 bear market bottom. In 2018 and 2019, price action turned up sharply...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...