• Crypto analysts debate BTC cycle top possibilities.
• Bitcoin and altcoin total market cap remains bullish for the long run. 
• Most analysts remain bullish for crypto despite the slow movement.

The crypto market nears another monthly close with a relatively bearish end to the month. Unless, Bitcoin (BTC), Ethereum (ETH), and other popular altcoins can pump significantly in the last day of the month of March, it is most likely for March to close in a red phase for most cryptocurrencies leading analysts to debate BTC cycle top possibilities as Bitcoin and altcoin total market cap remains bullish. 

Analyst Debate BTC Cycle Top Possibilities

Since mid last year, most analysts were highly bullish for the future of crypto in the following year. Most of these bullish expectations included more than Bitcoin (BTC) and altcoins setting incredibly high new ATH prices, in fact, many including significant expectations for high 6-digit ATH prices for Bitcoin (BTC) and impressive new targets for altcoin ATHs as well.

To highlight, some of these targets for bitcoin in particular, ranged from trend targets from $116,000 to $250,000 and $350,000 to $500,000. While some analysts made it clear that some of these targets would only be met in the following cycles, others were certain that these targets were not far fetched for the pioneer crypto asset to hit this bull cycle. However, these predictions did a lot to pump an overall bullish sentiment. 

However, what played out was a very early new ATH price for Bitcoin (BTC), a new ATH price that kept outperforming itself in under two months, taking the price of Bitcoin (BTC) from $75,000 to $109,000 in an impressive feat. Now, the price of Bitcoin (BTC) has dwindled back to the lower $80,000 price range igniting a bearish sentiment and leaving many wondering if the cycle top has already been set. 

To talk like this, the analyst in the post above explains how during the last cycle, many said $60,000 didn’t look like a top, even though it had a perfect textbook structure of one. Now, the same feels bearish at $85,000 because $108,000 looks like a top. He then says that a bearish sentiment is understandable when one hasn’t experienced the bull phase yet, a moment when the real top is in and the market sees a 25% pullback, he says he’ll bring up this chart he shared once again. 

Bitcoin and Altcoin Market Cap Remain Bullish 

Meanwhile, another popular analyst tells traders and investors not to fret or be worried as he shares the image in the post above. Here, he draws similarities to this ongoing bull cycle and the previous and concludes that Bitcoin (BTC) and altcoin total market cap are still bullish despite the ongoing bearish sideways movement. He says that the prices are moving according to plan and the structure hasn’t changed for the long run, meaning a bull pump is still inevitable.

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