Derivatives knowledge highlights crypto merchants’ optimistic sentiment and perception in additional upside

The latest weak spot within the crypto market has not invalidated the six-week-long ascending pattern, even after a failed take a look at of the channel’s higher band on Feb. 21. The entire crypto market capitalization stays above the psychological $1 trillion mark and, extra importantly, cautiously optimistic after a brand new spherical of destructive remarks from regulators.

As displayed above, the ascending channel initiated in mid-January has room for an extra 3.5% correction all the way down to $1.025 trillion market capitalization whereas nonetheless sustaining the bullish formation.

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