Being on the same channel, hypothetically, the Crypto Market Cap might lose more than 50% with the ongoing recession in the next 2 quarters to have 400-700 Billion in the market cap before the market starts flourishing again in mid-late 2023 ahead of the new cycle of 2024.
Comment:
The Market cap touched the 0.618 resistance at 1T $, if rejected could probably hit the support 1 (around the 500B $) by Q2/Q3.
