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Analysts Debate BTC Cycle Top Possibilities as Bitcoin and Altcoin Total Market Cap Remains Bullish
Cryptonewsland – March 30, 2025
The crypto market is witnessing intense debate among analysts regarding the possibility of a cycle top in the ongoing bull run. This comes as the total market capitalization of both Bitcoin (BTC) and altcoins continues to remain bullish for the long term.
A recent tweet by BitQuant suggests that the last cycle saw many predict $60,000 didn’t look like a top despite it having a perfect textbook structure. According to this analyst, it is understandable to feel bearish at $85,000 because $108,000 looks like a top. However, he emphasized that when one hasn’t experienced the bull phase yet, it’s crucial to bring up the chart again.
On the other hand, el_crypto_prof is advocating for calm and reassurance in the market. He argues that this bearish sideways movement is just chop before it goes higher, significantly higher. This sentiment is echoed by his analysis of past events, particularly the 2020/2021 bull cycle. As long as the structure doesn’t change, everything remains fine.
Despite concerns about a potential top in the Bitcoin (BTC) market, the total market capitalization of both the flagship cryptocurrency and altcoins remains steadfastly bullish. This has led to contrasting opinions among analysts regarding the current market situation.
The differing views have sparked intense debate on social media platforms, with some calling for caution while others are confident that this is just a minor correction before the next major rally.
As the uncertainty persists, it appears that market participants will need to closely follow these developments to gauge the likelihood of an upcoming significant bull pump.
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Source: https://cryptonewsland.com/debate-btc-cycle-top/
