- The total crypto market cap has broken out of a 4.5-month falling wedge, echoing Bitcoin’s 2024 bullish breakout structure.
- April’s breakout aligns with Bitcoin’s 2024 retest point, confirming the wedge as a bullish continuation with rising momentum.
- Two potential upside paths suggest sustained gains ahead, as the total market cap follows Bitcoin’s historical rally pattern.
According to analyst Moustache, the total crypto market cap has broken out of a falling wedge after 4.5 months of consolidation. This signals a potential bullish continuation. Market structure now mirrors Bitcoin’s 2024 breakout from a descending triangle. Price movements and trendlines across both charts indicate strong technical alignment. Moreover, the breakout happened on rising momentum, strengthening bullish sentiment. Consequently, the overall trend reflects a shift in macro cycle progression.
Bitcoin’s historical movement against USDT offers clear guidance. In late 2024, it formed a descending triangle with steady support and lower highs. A final retest of the lower trendline in September sparked a sharp rally. The price broke out and entered a parabolic phase. It climbed toward $116,000 before a correction set in. However, the correction found strong support above $78,000. This preserved the higher low structure and kept the bullish trend intact.
Total Market Cap Mirrors Bitcoin’s 2024 Setup
The total market cap now follows a similar setup. Its wedge structure shows declining highs and lows over several months. In April 2025, it touched the wedge’s lower boundary, marked in yellow. This price action aligns closely with Bitcoin’s 2024 retest point. Hence, the bounce from this level was expected and significant. The subsequent breakout validated the falling wedge as a bullish continuation pattern.
Additionally, the chart highlights two potential paths forward. The blue arrow shows a direct rise in continuation. The orange path suggests a brief pullback before further gains. Both projections point upward, confirming strong momentum. Significantly, the green channel reflects bullish price guidance. This aligns with the path Bitcoin followed during its breakout rally.
The inset diagram reinforces the falling wedge’s bullish nature. Moreover, structural symmetry supports a strong narrative. Bitcoin’s rally in 2024 followed similar technical cues. Hence, the total market cap may now be entering a comparable phase. Besides, consistent trendline reactions and breakout zones offer added clarity. Every visual marker indicates strength and continuation.
