Crypto analyst spots bullish signal for Bitcoin.
Bitcoin has displayed a short-term hopium on its 3-day chart.
The total crypto market cap has registered a bullish reality check.
A Bitcoin analyst and host of the Crypto Capital Venture YouTube channel spotted bullish signals pointing to an upcoming bull run. According to the analyst, Bitcoin has shown short-term âhopiumâ on its 3-day chart, while the total crypto market cap just had a bullish reality check.
The crypto market cap saw a sharp decline starting in the last days of September, falling 11.6% within one week. Specifically, the crypto market cap dropped from $2.291 trillion on September 27 to $2.028 trillion on October 3, according to TradingView data.
Notably, this decline coincided with massive drops in the prices of top cryptocurrencies, with Bitcoin falling from $66,508 on September 27 to a $59,860 low on October 3. Ethereum, the leading altcoin, followed the declining crypto market trend, dropping from $2,729 on September 27 to a daily low of $2,309 on October 4.
Despite the significant losses across the crypto market in the last few days, the Crypto Capital Venture analyst believes this isâŠ
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