Bitcoin finds support at $1.2T market cap, James Van Straten notes

Bitcoin finds support at $1.2T market cap, James Van Straten notes
Bitcoin tests key market cap levels

James Van Straten highlights that Bitcoin's major milestones—$500 billion, $750 billion, $1 trillion, and $1.2 trillion in market capitalization—have each been reached and tested during significant capitulation events.

He observes that the February low saw Bitcoin finding support precisely at the $1.2 trillion market cap level, underscoring the importance of these levels in the cryptocurrency's market behavior.

Van Straten has previously noted that Bitcoin is now trading above its 128DMA, True Market Mean, and STH Cost Basis, marking a change from 2022 in an earlier report. In addition to his Bitcoin analysis, he recently highlighted that STRC reached almost $1.5 billion in trading volume, missing its all-time peak by $97 million in a separate update. His recent observations continue to track major technical and trading milestones across digital assets.

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