Analyst CrediBULL Crypto has shared a vision of how the current bull market in cryptocurrencies might unfold. His long-term chart illustrates the expected trajectory of the market.
Momentum Builds Across the Crypto Market
Amid a fresh surge in the crypto market, Bitcoin's price has reached $118,500.16, surpassing previous all-time highs. The total crypto market capitalization is now approximately $3.5 trillion, indicating strong capital inflows. Ethereum has reclaimed the $3,000 mark, driven by ongoing ETF demand and institutional interest.
A Macro Blueprint: Wave 3 in Motion?
CrediBULL Crypto's chart reflects what many technical analysts see as Elliott Wave 3, with the market completing a multi-year consolidation and entering an explosive growth phase. Technical indicators, such as the golden cross, support this view, with potential prices for Bitcoin reaching $180,000 to $200,000 and five-digit levels for Ethereum.
Catalysts Fueling the Rally
Several macroeconomic factors are contributing to this bullish outlook. The U.S. Federal Reserve is considering possible interest rate cuts by Q4 2025, which could inject additional liquidity into risk markets. Crypto ETFs now hold over $80 billion in assets, indicating ongoing institutional interest.
While CrediBULL Crypto's projection may be speculative, it is based on familiar historical patterns. If current trends persist, we may be witnessing the early stages of a market expansion that could outstrip previous bull cycles.
