The cryptocurrency market continues its bullish expansion, this time influenced by strong institutional inflows and regulatory clarity. The total market cap has breached $3.91 trillion, marking a significant technical breakout. Talking about sentiments, the Fear & Greed Index sits at 71, indicating rising optimism yet possibly inclining toward overheated conditions.
That being said, as Bitcoin consolidates and altcoins catch the trend, the key question remains: will the crypto bullrun continue, or is a weekend pullback brewing? Join me as I take you through the specifics and an overview of what could be in store.
The 4-hour chart of the total crypto market cap I’ve shared reveals an uptrend, but surfacing short-term exhaustion. The market is currently pressing against the upper Bollinger Band near ~$3.88T, indicating a stretched move that often comes before short-term corrections.
It is evident that the market is approaching the overbought territory, with the RSI at 68.70. That being said, if a pullback occurs, the mid-Bollinger Band at ~$3.73T and the lower band near $3.58T will serve as strong support zones.
Despite this short-term caution, the macro trend remains fairly bullish. The breakout above $3.9T is a strong signal that the business is ready to challenge higher valuations. This is especially if the key levels hold firm ground over the weekend.
Popular analyst Michael van de Poppe highlights that when “Bitcoin consolidates, altcoins start firing off”. He believes that we’ll have some harsh corrections, and those would be great buy-the-dip opportunities. This aligns with what’s playing out now, as BTC is pausing below $120k, altcoins are showing relative strength.
The breakout in total crypto market cap confirms broader strength, yet caution remains warranted given the RSI and overextension. With weekend volatility expected, having an entry plan around $112k for BTC and mid-band support on the TOTAL chart would offer a strategic edge.
It’s a breather. Most signals suggest continuation after a possible short-term cooldown.
Not quite, the Altcoin season index is neutral at 49/100. Altcoins are rotating selectively, not broadly.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The global crypto market has dropped sharply to $3.5 trillion from $4.28 trillion, marking a…
Cycle scientist Lars Von Thienen says global liquidity, an important driver of asset prices, is…
Crypto markets are heating up again as XRP captures investor attention with forecasts pointing to…
October’s been a mixed month for crypto, characterized by heavy swings in both directions that…
Crypto’s no stranger to mood swings, and this week’s been a prime exhibit: general market…
In 2025’s crowded cryptocurrency market, one name is quickly becoming impossible to ignore — Digitap…
