This news content discusses the shift in the Bitcoin industry and its impact on altcoins. The typical four-year cycle of the market has been extended to five years, delaying the expected main bull run until mid-2025. Bitcoin and meme coins are leading the current rise, while altcoins have performed poorly. Elliott Wave Theory supports this analysis and predicts a peak in the cryptocurrency market cap by 2025. Key support and resistance zones, as well as volume and trend indicators, suggest the current upward trajectory is intact. However, there is a forecasted mini bull run in altcoins before a potential market crash. Traders should be cautious, employ risk management strategies, and be aware of the volatility in crypto markets.
- Content Editor ( cryptonewsland.com )
- 2025-01-16
Elliott Wave Theory Predicts $9 Trillion Crypto Market Cap by 2025 Amid Extended Cycle