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Head and Shoulders On Cryptocurrency Market Cap Foretells Retest of Lows | NewsBTC

Head and Shoulders On Cryptocurrency Market Cap Foretells Retest of Lows | NewsBTC

The total cryptocurrency market cap can oftentimes provide clues as to where Bitcoin and altcoins could be headed in the short-term. The latest price action is exhibiting a pattern that looks structurally similar to a head and shoulders, which if valid and confirmed would suggest Bitcoin and the rest of the crypto market will make another retest of lows.