- Alan Santana signals the end of the bearish cycle, forecasting a strong cryptocurrency market recovery.
- Michaël van de Poppe projects a $1.8T altcoin market cap by early 2025, driven by whale interest and technical patterns.
Following a long bearish cycle, recent analysis has rekindled optimism in the crypto market. Renowned TradingView analyst Alan Santana claims that the bearish trend’s end looks almost here and that a huge bullish comeback might follow.
After months of decreases starting in March 2024, Santana’s observations impact the general market as well as key assets. According to Santana, evidence currently points to a possible change with a corrective phase almost at its end.
He underlined, “Since March 2024, the cryptocurrency market has been gloomy always… but it won’t fall down permanently; rather, the bearish cycle is nearing completion.”
Santana Predicts Market Bottom as Bitcoin Struggles to Regain Momentum
Santana says that two straight weeks of red closures marked the TOTAL index, which reflects the whole crypto market. With a powerful bearish candle closing the second week, he sees as “no going back.” For Santana, this is a final “flutter,” in which lower highs and lows are setting up a bottom.
Once this correction settles, he anticipates a turnaround with the market moving toward a new bullish trend that might finally result in an all-time high, maybe during a significant 2025 bull run.
When considering Bitcoin’s recent behavior, Santana pointed out how the asset—which once nearly weekly reached new highs—has since found difficulty matching that velocity. He pointed on Bitcoin’s performance until March 2024, where it reached “higher highs… with force,” so illustrating this change.
Since then, though, Bitcoin has seen “lower highs and lower lows,” a trend Santana forecasts will eventually give way to a new development phase defined by constant upward momentum, therefore yielding long-term profits.
Though Santana was upbeat, he advised caution: “Prepare for the crash.” It will pass swiftly. While individuals aware of the changes could grab chances to safeguard cash or perhaps profit from the drop, others unprepared for the approaching correction might suffer losses.
Altcoins Gain Momentum Amid Bitcoin’s Surge, Analysts Project $1.8T Market Cap by 2025
Meanwhile, several recent market swings have aroused investors, particularly in the altcoin sector. The most recent price spike of Bitcoin has generated new interest in altcoins, implying a possible more general optimistic trend.
If this movement lasts, though, it could contradict Santana’s forecast, particularly if the market keeps its positive pace. Should Bitcoin and altcoins keep taking front stage, this would confirm a stronger underlying bullish trend instead of a brief recovery period.
Previously, a report from CNF noted that Michaël van de Poppe, another well-recognized expert, is optimistic about cryptocurrency, therefore adding yet another layer to the rising market euphoria.
Based on Fibonacci levels, Van de Poppe has an ambitious market cap target of $1.8 trillion for cryptocurrencies by the first quarter of 2025.
His research suggests that an altcoin surge in the fourth quarter of 2024 could be driven by elements such as whale accumulation and the development of a Cup and Handle pattern. Should this happen, it might indicate a major phase of market expansion, therefore benefiting assets in all space.