As of May 8, 2025, the total cryptocurrency market capitalization stands at approximately \$3.012 trillion, reflecting a 2.17% increase from the previous day . Bitcoin's market cap is around \$1.962 trillion, with a current price of \$98,798.11 .
Given these figures, we are considering the following potential scenarios for the crypto market:
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1. Break Above \$3T and Hold ✅ (30% Probability)
* The market breaks through the \$3 trillion level.
* Retests it as support.
* Continues the bullish momentum from there.
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2. Rejection and Consolidation 🔁 (50% Probability)
* Price gets rejected at \$3T.
* Moves sideways between \$2.8T and \$3T.
* Eventually breaks out and retests \$3T as support before resuming upward.
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3. Bearish Turn Below \$2.8T 🔻 (20% Probability)
* Rejection at \$3T.
* Market loses \$2.8T support.
* Retests \$2.8T as resistance, followed by further downside pressure.
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Key Levels to Watch
* \$2.8T and \$3T are critical zones. Movements between these levels indicate uncertainty and should be approached with caution.
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Our Perspective
A retest of \$3T as support could present the strongest buying opportunity of this cycle. We urge everyone to stay alert, analyze carefully, and prepare accordingly.
Golden Cross is looming — remain focused and disciplined.
---
Stay updated and connected:
With best regards,
Team ProCryptoEdge
Educate. Empower. Elevate.
Given these figures, we are considering the following potential scenarios for the crypto market:
---
1. Break Above \$3T and Hold ✅ (30% Probability)
* The market breaks through the \$3 trillion level.
* Retests it as support.
* Continues the bullish momentum from there.
---
2. Rejection and Consolidation 🔁 (50% Probability)
* Price gets rejected at \$3T.
* Moves sideways between \$2.8T and \$3T.
* Eventually breaks out and retests \$3T as support before resuming upward.
---
3. Bearish Turn Below \$2.8T 🔻 (20% Probability)
* Rejection at \$3T.
* Market loses \$2.8T support.
* Retests \$2.8T as resistance, followed by further downside pressure.
---
Key Levels to Watch
* \$2.8T and \$3T are critical zones. Movements between these levels indicate uncertainty and should be approached with caution.
---
Our Perspective
A retest of \$3T as support could present the strongest buying opportunity of this cycle. We urge everyone to stay alert, analyze carefully, and prepare accordingly.
Golden Cross is looming — remain focused and disciplined.
---
Stay updated and connected:
With best regards,
Team ProCryptoEdge
Educate. Empower. Elevate.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.