TOTAL - Nearing Lows

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TOTAL - Nearing Lows Crypto Total Market Cap, $CRYPTOCAP:TOTALVIAQUANTAs the crypto total market cap reaches these key valuation levels, it is important to look back at some of my past ideas to understand exactly where the market currently stands. The first idea to review is this one, where I have every important valuation level mapped out on the weekly chart and how price action has interacted with each of them: The two most important levels to watch right now is the green line at the $2 trillion valuation and the lower range (teal level) at a $1.61 trillion valuation. Since price is currently trading around the $2 trillion level, the most important idea to reference right now is this one, where I am expecting a local low if not the bear market bottom to form between $1.9 trillion and $2 trillion: If the bottom does not form around current levels, then the $1.61 trillion level will most likely become the bear market bottom for the total crypto market cap, in accordance with the four-year cycle theory. I just wanted to resurface these past ideas as they are now directly relevant to the price action the market is currently seeing.