After the recent corrections of the cryptographic market, some stubborn moods of investors and market observers seem to reduce, with many claims that the mountain is inside. However, other analysts indicate that several indicators do not signal the summit of the cycle yet, which suggests that the bull still has some gas in the tank.

Cryptographic market capitalization again assesses the key level

The cryptographic market has recently suffered constant corrections that stopped the US elections. During the November rally, the industry achieved many milestones, including Bitcoin breakthrough from the $ 100,000 barrier for the first time in history.

The cryptographic market also exceeded its highest level of all time in 2021, achieving market capitalization of $ 3.73 trillion on December 17, 2024. However, its recent shock sent total capitalization.

On Monday, the market repeated to $ 2.8 trillion, briefly losing a key level of support worth $ 3 trillion before bounce. Market observer Daan Crypto Trades Highlighted that the total table lost ATH 2021 while retreating, turning the weekly candle “into quite interesting”.

The trader explained that $ 3 trillion is crucial for persistent persistence despite the chart showing “high demand for now”. Meanwhile, the $ 3.7 trillion mark remains a key level of resistance, because “what is on the way to further expansion.”

Daan also excellent That the market capitalization of Altcoins, which excludes Bitcoin and Ethereum, swept the highest levels of 2024 and affected after a miniature losing range during market correction, which may suggest that the long -awaited Alts season is still ahead of us.

He pointed out that Altcoins could continue moving sideways in their current scope, but the breakthrough could see how they test the December ups because they have not yet broken their ATH 2021.

Bicycle top in the first quarter?

Sjuul analyst from Altcryptogems common Analysis of the total cryptographic market chart. The analyst stated that he did not see “warning signs”, other investors and market observers recalled online.

From a technical point of view, the cryptographic market rally is “a simple support and resistance situation” since the level of ATH 2021, which currently maintains the market.

Sjuul compared this cycle with the previous one, stating that this is technically the beginning of the “real bull”. In times, the chart presents various similarities between two cycles, which suggests that the upper part is located about 230 days.

He explains that the turn of 2021 from the peak of the previous cycle took place 1120 days from ATH 2017. In addition, the peak of the 2021 cycle occurred 1400 days after the 2017 summit.

Meanwhile, the breakthrough of this cycle from 2021 took place about 1120 days after the summit, similar to the last cycle. If the story is repeated, the time of this cycle suggests that the highest cryptographic market is in about 7-9 months.

Ultimately, the analyst predicted the peak of the market in the fourth quarter of 2025 and potentially achieved market capitalization of USD 4.5 trillion.

A distinguished painting with unmplash.com, chart from tradingview.com