Crypto Market Cap Shows Signs of Reversal After Liquidity Sweep

The total market value of cryptocurrencies pulled back but nowenticers vital support thresholds during its upward movement. Bitcoin prices dropped to $3.03 trillion but subsequent market recovery lifted it back to $3.17 trillion. The recent daily decline of 3.71% does not eliminate the possibility of trend reversal according to the current structure. Market confidence shows signs of growth because traders are intensely buying assets in this demand zone.

Key Support and Resistance Levels

The market has maintained an extensive fluctuation zone which spans from $3.03 trillion up to $3.67 trillion. A robust demand zone extends around $3.03 trillion because traders have entered aggressively at this level. Resistance at $3.67 trillion has proven stubborn by keeping away potential buyers who have made multiple unsuccessful attempts to overcome it.

When prices passed beneath the established trading area they regained their previous levels instantaneously which indicated strong buying pressure. The price movement suggests good prospects for an upward price recovery. Another upward price rally may become…