In this episode of NewsBTC’s daily technical analysis videos, we examine the total cryptocurrency market cap (TOTAL) following Ethereum Merge-related disappointments and sideways Bitcoin price action, and attempt to understand how long crypto winter might last.
Take a look at the video below:
VIDEO: Total Crypto Market Cap Analysis (TOTAL): September 20, 2022
Bitcoin price action continues to go mostly nowhere and Ethereum has pulled back due to Merge-related sell the news profit-taking, so in the video below we take look at these factors combined via the Total Crypto Market Cap chart.
When Will The Cryptocurrency Market Bottom And What Next?
Sentiment, price action, and technical indicators all are behaving similarly to the 2018 bear market bottom. If no new lows are made, taking a