Total Crypto Market Cap Analysis: Are We Headed for a New All-Time High?
Hello everyone,
How are you all? I hope everyone is fine at least with the current market correction going on.
Today I will analyze the crypto market and understand if we are yet to see another rally for bitcoin and alts. For that I am going to share my Analysis for Total Crypto Market Cap. It will eventually help us a lot as we are going to see crucial and important historical resistance and support lines which will help us present a preview of how the market might look like in the next few weeks and months.
To start with I am sharing the monthly chart of the total crypto market Cap with all of you via the screenshot below.
In the screenshot above we can see that there are three circles highlighted with yellow color. These circles are actually for the ease of understanding the charts. The big yellow line is acting as both, resistance as well as support for different time frames for Total crypto market cap monthly chart.
Let us have a more clear view of these supports and resistance in the screenshot below.
The first yellow circle shows became the resistance for total crypto market cap during the bull run in 2021 in the month of November when we witnessed the peak for the entire crypto market. Obviously that line was not acting as anything before, as the crypto market was finding it's peak during the November 2021.
The seconds yellow circle is showcasing the timeframe from March 2024 when the crypto market tried to break this resistance for the first time since bull run in 2021. We can clearly see that it failed to do so and hence a rejection was seen as expected because it was failed in breaking a 2+ years resistance there.
The third circle is showcasing the timeframe from November 2024 when the Total crypto market cap finally broke than resistance which was a 3 years long resistance for the Total crypto market cap and hence the crypto market was in the new all time high finding trajectory from this timeframe.
We shall also notice that the peak for crypto market so far was in December 2024 followed by a downfall in March 2025 when the support was broken ( The trendline which was acting as resistance was now the support ).
In April 2025, the same resistance was broken again and not only that, we have also confirmed the support from that same line already and so we can say that we are out of the danger zone already. I am now confident that the crypto market is going to find a new all time high very soon. Remember that things getting confirmed at monthly timeframes are really strong and that is the reason I am confident about the upcoming months for the market.
Now, let us have a look at the weekly chart for the total crypto market cap.
Again I will like to zoom the three circles which will be drawn at the pink line this time. Remember that we are now seeing the weekly time frame chart. Have a look at them below.
The first circle in this case was the point where we saw the rejection of total crypto market cap in november 2021, the second circle is when it was finally broken and now we can see the third circle where it is trying to break it again and once that happens, we are going to see a new all time high for bitcoin once again.
The sad part is that we have not seen Ethereum making it's new all time high during this crypto cycle yet and a lot of people are almost not expecting anything extraordinary from Ethereum at this point but always remember that the flow of money will happen and maybe then we might see Ethereum making a new all time high. I don't know what will be the new all time high but there are ways we can predict that as well.
We just have to compare Eth and Btc performance for previous cycles and we will easily get a rough idea about what the price of Ethereum might be in this cycle when it reaches it's new all time high. My prediction is at 7-8k USD for Ethereum. What are your thoughts and prediction?
That is all for this blog, I hope it was helpful.
Thank You
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