History shows it is just around the corner and many will miss the train. Total 2 is ready to break out, with targets set at $1.27 trillion and $1.71 trillion. Once it breaks through old resistance and holds steady, a rapid rise to 2021 all-time highs is expected. This will trigger real Altcoin FOMO, with Bitcoin dominance waning. decrease and Altcoins tend to grow explosively.
As the crypto market enters its euphoric phase, Bitcoin will likely surpass $100k and the floodgates will open for “dumb money” to enter the space. New entrants will become extremely bullish and parabolic pumps will become the norm, with Altcoins regularly seeing 10x gains in just a few months.
But be careful, this is when the market becomes the most dangerous. Old friends will suddenly be looking for crypto advice, risk perception will disappear, and ridiculous price targets (like $1 million Bitcoin) will become common. Coinbase will again top the app store charts, celebrities will jump into the crypto game, and there will be plenty of warning signs:
- Lower highs and lower lows
- Trend lines and broken patterns
- RSI/MACD divergence is decreasing
- Large candle wick upward
- Bearish engulfing candle
- Volume decreases, price increases
Don't ignore these signs! The more bearish indicators converging, the higher the likelihood of the market reaching a peak. Stay focused, make a profit and don't get complacent. The next few months will be life-changing – make the most of them.
