In recent days, Bitcoin has struggled to maintain an important level at $115,000. This is attributed to the lack of an economic environment conducive to interest rate cuts by the Federal Reserve.
Bitcoin Cycle Phases
Cryptocurrencies tend to follow Bitcoin's four-year cycles, and investors continue to adhere to this pattern. The new phase of institutional adoption and changes in U.S. policy may impact the cyclical narrative. CryptoCon highlights the significance of the third phase. The efficacy of the traditional cyclical narrative is expected to be tested in the coming months.
CryptoCon explains that key elements for the final stage of the current cycle are currently missing.
"Everywhere I look, the final stage of this cycle is missing. There are two crossovers for the cycle, with the second occurring last January. In the Ultimate Oscillator stages, Bitcoin is entering the third stage… yet there’s still ample room for growth."
ETH/BTC Chart Analysis
Ethereum (ETH) remains at the $3,700 mark, while altcoins are showing better results than BTC. Although ETH surpassed $3,800 after an extended period, it faced significant market pressure last week due to tariffs, stable interest rates, and unfavorable U.S. data.
DaanCrypto advises altcoin investors to monitor the ETH/BTC chart. Despite ETH staying above crucial support levels, it has not breached the resistance. If this resistance is overcome, notable surges in altcoin prices could be observed. For ETH, this scenario may manifest as closures above $4,100.
Current Situation in the Crypto Market
The total transaction volume of cryptocurrencies stands at $133 billion, with the overall market cap reclaimed at $3.75 trillion. While ETH appears profitable daily, it experienced more losses than BTC weekly.
The cryptocurrency market continues to evolve, and many analysts expect changes in the near future, particularly in the third phase of the Bitcoin cycle. Investors should monitor price dynamics of altcoins and remain alert regarding further news.
