The most up-to-date weak point within the crypto market has no longer invalidated the six-week-long ascending model, even after a failed test of the channel’s greater band on Feb. 21. The total crypto market capitalization stays above the psychological $1 trillion value and, more importantly, cautiously optimistic after a current round of destructive remarks from regulators.
As displayed above, the ascending channel initiated in mid-January has room for another 3.5% correction down to $1.025 trillion market capitalization whereas quiet sustaining the bullish formation.
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