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Crypto market breaks the bearish trend, but needs more strength for a new bull run

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In the last weeks of the Cripp, the market has embarked on a new rally. While some describe the effect of the price as a "bullish trap" or something, other evidence points to the fact that this market may be on the verge of a long-term rally or remain in broad consolidation.

Referring to the recent movement observed in the value of all digital assets, some traders note that this market finally broke the resistance line of the 15-month downward trend and stayed on the short-term upward trend.

Supporters of this theory are motivated by rising volumes, explaining that this increase is quite enthusiastic.

To begin a new bull run, the market capitalization of all crypto assets must breakthrough the 200 daily moving average, which is a dynamic resistance in this bear market, and in order to break this level, the total market capitalization must rise above $145 billion , which is close to 10% above the current value.


 Trader Georgi Bozhidarov

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