- The crypto market mirrors past cycles with a strong breakout-retest structure, hinting at another bullish continuation phase ahead.
- Key support zones from previous cycles are holding firm in 2024–2025, aligning closely with the bullish setup seen in 2016–2017.
- Historical price symmetry, rising higher lows, and strong volume patterns suggest the total market cap is primed for further gains.
The total crypto market cap traces a bullish path similar to previous macro cycles. Analyst Moustache now highlight a striking resemblance between the 2014–2018 and 2018–2025 periods. These two cycles share common technical structures that suggest the market is in a healthy continuation phase. The current two-week data shows a near-perfect retest of a key breakout zone. This behavior is identical to the retest pattern seen before the explosive 2017 rally.
During 2014 to 2018, the market formed a rounded bottom after a prolonged downtrend. A breakout followed an accumulation phase, leading to a sharp surge. Price retested the breakout zone twice, holding it as support. These retests confirmed bullish intent, fueling a massive upward move. Consequently, a full bull cycle unfolded, pushing valuations to record highs before entering a lengthy decline.
Key Structural Similarities
The 2018–2025 cycle has followed a nearly identical roadmap. After a deep correction, the market formed a rising support trendline. Price broke above a critical resistance level in 2020, resembling the 2016 breakout. Then came the first retest, which flipped resistance into support, a classic bullish signal. Moreover, price surged again, printing new highs across 2021.
Now, the market faces a second retest of the same zone in 2024–2025. This level has held firm so far, echoing the 2016–2017 setup. The macro chart displays rising higher lows, consistent accumulation, and strong reactions to key technical levels. Besides, candlestick patterns align with the previous cycle’s behavior. Market symmetry remains intact, reinforcing the bullish narrative.
Continuation Phase in Play
Additionally, volume profiles and price momentum confirm the trend’s strength. Each breakout started gains, followed by short consolidations. These pauses built strong bases for the next moves. The market now stands above multi-year support, a crucial technical milestone.
