Cryptocurrency Market Cap May Surge 37%. But There’s One ‘If’ – U.Today

Dutch crypto trader and analyst Michael van de Poppe supposes that the crypto market capitalization indicator is at a crossroads now.

Mr. van de Poppe predicts that crypto market capitalization may skyrocket soon. He foresees the pattern which will allow it to surge 37%.

By the way, this rally may be possible only if total market cap avoids falling below $196 billion. It should be noted thatthe cryptomarket capitalization has stayed above this point for thelast 7 days.At printing time, this indicator is above $208 billion.

The high scenario projects 37% percent growth of the crypto market capitalization. ForMr. van de Poppe it recalls the situation of February, 2019. It was this month that opened the road to Bitcoin (BTC) and Ethereum (ETH) all-year-highs in June, 2019.

But if market cap fails to support this level, it will soon dip below $176 billion. Last time the market demonstratedsuch indicators during the early days of May, 2019.

What should we get ready for? Tell us your predictions in Comments!

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Cryptocurrency Market Cap May Surge 37%. But There's One 'If' - U.Today