After the recent crypto market corrections, some investor\u2019s and market watchers\u2019 bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don\u2019t signal a cycle peak yet, suggesting that the bull still has some gas in its tank.<\/p>\n
The crypto market has recently suffered continuous corrections<\/a> that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones, including Bitcoin\u2019s breakout from the $100,000 barrier for the first time in history.<\/p>\n The crypto market also surpassed its 2021 all-time high (ATH), reaching a market capitalization of $3.73 trillion on December 17, 2024. Nonetheless, its recent shakeout sent the total crypto market cap (TOTAL) to its lowest range in nearly three months.<\/p>\n On Monday, the market retraced to the $2.8 trillion mark, briefly losing the key $3 trillion support level before bouncing. Market observer Daan Crypto Trades highlighted<\/a> that the TOTAL chart retested the 2021 ATH during the pullback, turning the weekly candle \u201cinto a pretty interesting one.\u201d<\/p>\n The trader explained that the $3 trillion mark is crucial to hold going forward despite the chart showing \u201cplenty of demand for the time being.\u201d Meanwhile, the $3.7 trillion mark remains the key resistance level, as it is \u201cwhat\u2019s in the way of further expansion higher.\u201d<\/p>\n Daan also noted<\/a> that the Altcoins market capitalization, which excludes Bitcoin and Ethereum, swept the 2024 highs and bounced after briefly losing its current range during the market correction, which could suggest that the long-awaited altseason<\/a> is still ahead.<\/p>\n He pointed out that Altcoins might continue moving sideways within their current range, but a breakout could see them test the December highs, as they are yet to break their 2021 ATH properly.<\/p>\nCycle Top Coming In Q4?<\/h2>\n