The One Chart That Suggests Crypto’s Comeback Is Imminent

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Crypto investors are on edge right now. And reasonably. Since peaking in early November, Bitcoin prices have fallen nearly 40%, marking the token’s biggest correction since July 2021, when Bitcoin fell 50%.

Although some altcoins have surged during this time – like a few altcoins we have recommended over the past few months – most altcoins have followed Bitcoin lower. The total cryptocurrency market cap fell 33% from $3 trillion to $2 trillion in just three months.

That’s a big drop. Time to quit the Bitcoin bull market?

Barely. The long-term potential of cryptos remains huge, given that the entire market is worth just $2 trillion – compared to a market cap of $50 trillion for the US stock market. Even if only 10% of US stock market money migrates to cryptos, the entire crypto market could grow 3.5x from current levels.

The multi-year crypto investment thesis remains compelling. Don’t give up because of a little short-term weakness.

But, more than that, our technical analysis suggests that this recent Bitcoin selloff may actually be over…

Specifically, there is a chart that dropped on our desks this week that very simply and powerfully illustrates why the crypto market might be poised to rebound in a big way.

Here is the table in question:

Basically, over the past year, the total crypto market cap has consistently shown strong support at previous resistance levels.

Total market capitalization peaked at around $1.1 trillion in January 2021. Around this same level, total market capitalization bottomed out during the July sell-off.

Additionally, total market cap peaked at around $1.8 trillion in March 2021. Around that same level, total market cap bottomed out during the September sell-off – and it just fell back around this same level.

In other words, the chart above shows why the current crypto market decline might actually be over…

Basically, we mostly agree with this table. We believe cryptos will remain volatile over the coming months amid Federal Reserve policy uncertainty and skyrocketing inflation; However, we also believe that once the Fed starts raising interest rates and inflation subsides, cryptos will make a huge comeback.

So, it feels like today we are in this “finishing” process – and the best time to buy crypto is during these “finishing” processes.

That’s why, just yesterday, we published two new hot buys in our flagship cryptocurrency investment research product, Crypto Investor Network.

One of the coins is a unique Layer-1 blockchain project. The other is a compelling social content game. Both have huge upside potential.

Remember: these coins join a wallet where the average gain is around 100%.

We believe that it is very likely that these two tokens will rally by 100% or more over the next six to 12 months.

So what are you waiting for? Click here to learn all about these two new cryptos to buy right now.

As of the date of publication, Luke Lango had (neither directly nor indirectly) any position in the securities mentioned in this article.

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