Small problem using market cap as any type of psychological barrier.
1 - market cap is horse shit.
2 - nearly half of that figure is made up of wretched shitcoins.
I don't think we're going to get a crypto spring until plenty more shit is flushed away. That means a market cap considerably lower than where it is at present.
Oh! I can't wait to see a lot of them get flushed down the drain as shit as they are. For now, I still feel we have not even reached the capitulation spot, as there could be more bearish conditions to come, but that is pretty much left for time to tell, and it would probably be at this point, that we will get to see so many of these altcoins take the death lane. I really just pity those who are busy holding some shit coins for quantity sake for the sake of some huge wealth in the long run.
I don't think the BTC value will goes below $3000. Now the market is showing improvement and soft Green Signal which is the one investors are expecting from long period of time this year. In the upcoming days i believe the value is going to increase further and reach some good value above $7000. we need to watch closely on the trends in crypto market to get benefit from it.