Power Crypto Club
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🚩#Crypto Market Update.

👉Today, we can already see that this fall had no correlation with the US stock indices, the rise in Fed interest rates or the Ukraine-Russia conflict. It can only be something internal to the crypto market gone wrong.

👉This should raise awareness in the media and influencers of their creepy and nonsensical headlines over the past few days, and hopefully restore confidence among retail investors.

▫️Current Prices (25-Jan)
🔹$BTC => $36.200 (+9%)
🔹$ETH => $2,400 (+11%)
🔹#CRYPTOCAP => $1.63 trillion (+8%)
🚩#Crypto Market Update.

👉The price structures of $BTC, $ETH & #CRYPTOCAP perfectly resume the entire Crypto Market with almost everywhere the Formation of RANGES, which will require patience and for an indefinite period...
🚩#Crypto Market Update.

👉
#CRYPTOCAP hit and passed the 1.75 trillion mark which was the major support broken during last fall.

👉$BTC reached $39,400 before stabilizing at the $39k level.

👉$ETH continues its bullish rally with an increase of almost 30% since its low 8 days ago, reaching $2,800 today.

It's a good start to February... 👍
🚩#Crypto Market Update.

👉
#CRYPTOCAP has recovered $450 billion since its 2022 low, a +30% increase so far.

👉$BTC continues its upward trend with 4-successive-daily-green-candle and hit $43,000, a jump of almost +30% from its January 24 low.

👉$ETH is up +43% from its "2022 historical low" below $2,200 to hit $3,111 today.
Number of the Day‼️

#TOTAL (#CRYPTOCAP) shows Total Market Capitalization of the Top-125 Cryptos.
🚩#Crypto Market Update.

👉
#CRYPTOCAP. As we say in French "Quand ça veut pas, ça veut pas" / When it doesn't want, it doesn't want... 4 attempts to frankly cross the $2 Trillion mark have been rejected in the last 48 hours... mainly due to profit taking on many Alts which reached their upper Bollinger bands, and indicating some possible minor reversals, with small pullback, overlap, etc... BUT definitely not a correction, nor a market drop like last month... as we'll probably start hearing on social media this weekend. Stay away from these coming FUD, guys.
🚩#Crypto Market Update.

👉#CRYPTOCAP just broke its 24-day-uptrend-line to drop to its latest low...
🚩Crypto Total Market Cap Chart #CRYPTOCAP
🚩#Crypto Market Cap Update‼️

👉
It is always sensitive to analyze the market during the weekend due to the usual inconsistencies, but the #CRYPTOCAP seems to have found its level to rebound, with the formation of a bullish channel which is very similar to the price structure shaped in the 1st bottom of the "Adam and Adam" pattern. To be continued...

👉 Personally, I wouldn't take any position until I had strong validation of a bounce from this support channel.

🌿 Have a nice weekend, everyone, and as usual stay safe in life & on your trades.
If I can reassure you somewhat: NO, IT'S NOT THE END OF THE WORLD‼️

👉🏻 The #CRYPTOCAP broke a support to hit $1.06T which confirms all the uncertainties on this market... but I will remind you that since 01/01/20 the #CRYPTOCAP is still bullish with +580%... enough to make jealous all the stock market indices on the planet. 😎