Despite recent market corrections that have dampened some investors’ bullish sentiment, several analysts argue that key indicators suggest the crypto bull market still has room to run. The total crypto market capitalization briefly dipped below the crucial $3 trillion support level before bouncing back, leading some to believe that the market top may not be in sight just yet.
Technical analysis of the total crypto market chart reveals similarities between the current cycle and the previous one, with the potential for a market peak to occur in Q4 2025. If history repeats itself, the crypto market could reach a staggering $4.5 trillion market capitalization before the bull run exhausts itself.
The altcoin market, excluding Bitcoin and Ethereum, also shows signs of resilience, having swept the 2024 highs and recovered from the recent correction. This could indicate that the highly anticipated altseason is still on the horizon, with the potential for altcoins to test their December highs and possibly break their 2021 all-time highs.
While the crypto market’s short-term future remains uncertain, the overall outlook appears to be cautiously optimistic. Investors should keep a close eye on key support and resistance levels, as well as the market’s reaction to any upcoming developments or regulatory changes.
Trade the Crypto Bull Run on Defx.com!
Join thousands of traders on Defx and take advantage of up to 100x leverage on perpetual contracts. Whether you’re bullish or bearish on the market, Defx offers the tools you need to capitalize on the crypto bull run.
Tags: crypto market analysis, altseason, technical analysis, market capitalization, crypto trading
Source: NewseBTC