Using the Elliott Wave theory, Fibonacci retracement, and the ABCD pattern, I’m projecting a significant rise in the total crypto market cap over the coming years, potentially reaching $5.987 trillion by 2029.
We are currently in the early stages of a new impulse wave (Wave 3) after completing a corrective phase (Wave 2). The first target (TP1) is set at $3.967T, supported by the 1.618 Fibonacci extension level. If the market reaches this target, a subsequent wave (Wave 5) could push the total market cap up to $9.983T, aligned with the 2.618 Fibonacci extension level.
The ABCD pattern further confirms these projections, reinforcing the potential for a strong upward movement.
While the market remains dynamic, this analysis provides a promising outlook for the long-term growth of the crypto space. Stay tuned and secure your positions! 🛡️📈
We are currently in the early stages of a new impulse wave (Wave 3) after completing a corrective phase (Wave 2). The first target (TP1) is set at $3.967T, supported by the 1.618 Fibonacci extension level. If the market reaches this target, a subsequent wave (Wave 5) could push the total market cap up to $9.983T, aligned with the 2.618 Fibonacci extension level.
The ABCD pattern further confirms these projections, reinforcing the potential for a strong upward movement.
While the market remains dynamic, this analysis provides a promising outlook for the long-term growth of the crypto space. Stay tuned and secure your positions! 🛡️📈
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