The crypto market has broken out bullish - and yet the price is falling! Why is the crypto market falling now – and for how long? There have been massive price gains again in the last seven days. The crypto market bullishly broke the golden ratio resistance at around USD 1.15 trillion. The Golden Crossover is still intact in the 4H chart. The crypto market remains bullish in the medium term. The MACD lines could soon cross bullishly on the monthly chart.

The crypto market has broken out bullish - and yet the price is falling! Why is the crypto market falling now – and for how long? There have been massive price gains again in the last seven days. The crypto market bullishly broke the golden ratio resistance at around USD 1.15 trillion. The Golden Crossover is still intact in the 4H chart. The crypto market remains bullish in the medium term. The MACD lines could soon cross bullishly on the monthly chart.

The crypto market has broken out bullish - and yet the price is falling! Why is the crypto market falling now – and for how long?

There have been massive price gains again in the last seven days. According to Coingecko, the ten coins with the strongest price gains are in the range of +58.4% and 1071.5%. This indicates massively bullish price movements in the crypto market.

Nevertheless, the crypto market was able to bullishly break the golden ratio resistance at around USD 1.15 trillion. Actually, the price is now on the way to its last high at around USD 1.26 trillion. However, the market only rose to a market cap of $1.24 trillion and then began a corrective move.

To remain bullish, the crypto market would need to use the golden ratio resistance at around $1.15 trillion as support. Otherwise, the next significant Fib supports would be around $1.138 trillion and $1.075 trillion.

The indicators give mixed signals. While the Relative Strength Index (RSI) is neutral, the Moving Average Convergence Divergence (MACD) shows a clear bearish bias. The MACD lines are bearishly crossed and the MACD histogram is ticking bearishly lower. However, on the bullish side, a golden crossover has established itself on the daily chart, confirming the short- to medium-term trend.

The Golden Crossover of the Exponential Moving Averages (EMAs) on the 4-hour chart also remains intact, confirming the short-term bullish trend. The MACD lines are bullishly crossed, while the MACD histogram is starting to tick lower bearishly and the RSI is moving in neutral territory.

Despite a lower high last week, the outlook for the crypto market remains clearly bullish. Assuming the market holds above the golden ratio support of around $1.075 trillion. Only if market cap falls below this level will the market return to golden ratio support at around $930 billion. However, as long as the market cap remains above this level, the bullish move remains intact. In addition, the MACD histogram has been ticking bullishly higher for five weeks and the MACD lines in the weekly chart have crossed bullishly.

On the monthly chart, the crypto market is encountering significant Fibonacci resistance at around $1.27 trillion. If the price overcomes this resistance, there is potential for a rise to the golden ratio at around USD 1.65 trillion. The MACD histogram on the monthly chart continues to show a bullish trend, indicating that the MACD lines could soon cross bullishly.