The year 2024 was undoubtedly a turning point for the crypto market. After a deep decline, the sector recovered impressively and reached new all-time highs (ATHs), including Bitcoin (BTC).
The market capitalization of altcoins, excluding Bitcoin and Ethereum (ETH), also reached its 2021 high of $1.1 trillion in November, marking the end of a three-year downtrend.
With the new year approaching, the question arises: Can 2025 surpass the performance of 2024? Many experts are optimistic, especially for altcoins, which could see significant price increases.
Analysts remain optimistic
According to Dutch analysts Crypto Jelle and Michaël van de Poppe, the future looks promising. Crypto Jelle highlights similarities between the current market situation and the first major BTC correction in 2021. He emphasizes that the market has been “completely reset” and seems ready for an uptrend. Van de Poppe shares this assessment and explains that the correction is almost complete, creating room for a new growth phase for both Bitcoin and altcoins.
Titan of Crypto even expects a “Grand Finale” for altcoins. His analysis is based on a two-year “Cup and Handle” pattern, a commonly used bullish signal. According to him, the market capitalization of altcoins could rise to $1.4 trillion, a 200% increase from current levels. According to Titan, January 2025 could be the start of a long-lasting rally, comparable to the 2021 bull market.
#Altcoins Set to Explode 🚀
Just a little more patience, folks.
The grand finale is just around the corner. pic.twitter.com/THUfopchSE— Titan of Crypto (@Washigorira) December 28, 2024
Correction does not mean the end of the bull market
Despite some panic after a temporary correction that saw BTC fall below $91,000, analysts remain optimistic. They see the correction as a short-term phenomenon that does not threaten the uptrend. For now, the macroeconomic situation remains favorable for further growth of Bitcoin and altcoins. So, the bull market seems far from over, unless unexpected changes in inflation or economic growth occur.
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