- The crypto market is repeating old patterns as cycles of growth, crash, and recovery set the stage for another massive rally.
- Current re-accumulation levels between $1.2T and $1.5T mirror past bull run setups, signaling the market could be preparing for liftoff.
- Every cycle has built stronger foundations with higher lows, making today’s $1.4T market cap a stronger base than the 2017 peak.
The global cryptocurrency market is showing signs of another turning point as traders monitor fresh data and historical patterns.
The total market cap sits at $3.78 trillion as of writing, marking a 0.34% daily increase, while trading volume dropped to $109.93 billion, a steep 37.9% decrease.
According to popular crypto analyst Moustache, the current setup mirrors past re-accumulation phases that preceded explosive bull runs. Hence, investors are now watching closely for the start of a third major cycle.
Market Cycles Building Strong Foundations
Moustache’s TOTAL2 macro chart outlines three complete market cycles from 2015 through 2025. Each cycle has followed a pattern of boom, bust, and accumulation. In 2015, the market built its first base between $7 billion and $15 billion, creating a double bottom with higher lows. This consolidation fueled the 2017 rally that pushed the cap to nearly $800 billion before a sharp crash.
Source: Moustache
Nevertheless, the market saw a protracted bear market following its 2018 top, plunging close to $100 billion. Additionally, that cycle continued to generate higher lows than previous phases. In 2019, the double bottom setup was duplicated, setting the foundation for the subsequent surge.
Signs of the Next Bull Run
Late in 2020, cryptocurrency began its second huge bull run, reaching a peak of $2.9 trillion in 2021. Although the 2022 correction caused values to decline, support remained strong at about $800 billion, which was far higher than the 2018 lows. As a result, this validated a growing structure in which the market gets stronger after every fall.
The market has been trading in a re-accumulation zone between $1.2 trillion and $1.5 trillion since the beginning of 2024. This green area is likely a starting point for the upcoming surge. Furthermore, over extended periods of time, the logarithmic scale continues to have exponential growth potential.
In addition, baseline valuations have increased dramatically with each cycle, and the present level of $1.4 trillion has surpassed the entire 2017 peak. Accordingly, historical precedence indicates that the market may soon enter unexplored areas.
