The new macro scale
2020-2022 macro picture:
Crypto at $3T current adoption boundaries. Need another retail wave to break.
Crypto above $2T: bullish
Crypto between 1.5-2 Trillion: Indecisive, crab market.
Crypto at $1T is the new capitulation support.
Current range of market cap around 5x of 2016-2019 price band with a parallel amount of user increase (50 million > 300 million in 2 yrs).
Crypto at $3T current adoption boundaries. Need another retail wave to break.
Crypto above $2T: bullish
Crypto between 1.5-2 Trillion: Indecisive, crab market.
Crypto at $1T is the new capitulation support.
Current range of market cap around 5x of 2016-2019 price band with a parallel amount of user increase (50 million > 300 million in 2 yrs).