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Altcoin Market Cap has broken to new All Time Highs in every Bull Market
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$ETH performed the necessary Weekly Close above ~$3650 Now, to fully confirm the breakout, ETH would need to turn that same level into new support this week Retest is potentially in progress and for the moment it may be a volatile one #ETH #Crypto #Ethereum
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CRYPTO MARKET CAP IS GOING ABOVE $8 TRILLION THIS CYCLE HERE ARE THE REASONS 👇 ➺ SPOT ETFs APPROVAL ➺ RUSSIA RECOGNIZING CRYPTO AS PROPERTY ➺ BTC AS A STRATEGIC RESERVE ➺ MULTIPLE ALTCOINS ETF APPROVAL CHANCES ➺ FTX $12B+ DISTRIBUTION ➺ TRUMP SELECTING PRO-CRYPTO PEOPLE FOR HIS ADMINISTRATION ➺ MICROSTRATEGY BUYING BILLIONS IN BTC ➺ BIG INSTITUTIONS BUILDING ON ETHEREUM, APTOS ETC. ➺ CHINA PRINTING TRILLIONS TO STIMULATE ITS ECONOMY ➺ FED RATE CUTS AND GLOBAL M2 MONEY SUPPLY EXPANSION ➺ FASB RULE IMPLEMENTATION ➺ STABLECOINS SUPPLY AT RECORD HIGH WE'RE GOING MUCH HIGHER THIS CYCLE 🚀
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A bit of an older chart, but I still think it gives us another idea of where we're at in this current cycle and that we still have quite a bit of time in 2025 left. Low side, means the bull market ends somewhere around April-June 2025. Average cycle would put us ending somewhere around Oct-Dec 2025. Keep in mind that this time we are supposed to have a pro-Bitcoin, pro-Crypto government in place. No more SEC chasing away Web3 projects. We have other countries, like Russia and China making Crypto legal. This could boost the cycle even more, but as always you need to DYOR and make decisions based on what you feel your risk/reward level is.
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#BTC The Bitcoin dip towards the recently broken trendline is now underway Retest attempt coming soon $BTC #Crypto #Bitcoin
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$ETH Picture-perfect rejection from the main pattern resistance at ~$3700 Needs that Weekly Close above the resistance to kickstart a breakout Not ready just yet, no breakout yet confirmed #ETH #Crypto #Ethereum
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