Notable market analyst and thought leader, Ted Pillows, predicts a bold rise in the crypto market valuation, expecting it to reach a hefty $4.5 trillion by the end of Q3 2025. This optimistic projection is based on the recent Bitcoin price fluctuations and the resulting maintenance of the volatile price movements witnessed over the past month. Could a rally be on the horizon as the crypto market approaches the $3.5T barrier?
In a post on July 4, Pillows provides a detailed technical analysis of the total crypto market capitalization. Utilizing the daily CryptoCap chart from Tradingview, this esteemed analyst points out the recent emergence of a bullish flag, suggesting a potential price breakout.
The bull flag is a well-known indicator of bullish continuation. It commences with the creation of a flagpole, a robust upward price movement, visible from early April to late May when Bitcoin hit a new record high. This formation is followed by the “flag,” a declining price channel signifying a consolidation period. This market activity has been observed since late May, as the crypto market cap underwent a temporary retraction phase.
Pillows’ study reveals a fully formed bull flag. However, for a price breakout to be confirmed, the crypto market cap must secure a decisive price closure above the $3.5 trillion threshold, which signifies the upper limit of the flag. Should this bullish event transpire, Ted Pillows anticipates the crypto market cap could skyrocket to about $4.3 trillion – $4.5 trillion by Q3 2025.
Gauging its market dominance of 62.77%, Bitcoin’s market cap could also inflate to approximately $2.82 trillion under such bullish conditions, setting a market price of $141,800 per unit. It’s important to note though, that an altseason during this crypto price surge could shift the predicted market position for the leading cryptocurrency.
Based on Coingecko data, the total cryptocurrency cap currently stands at $3.39 trillion, following a 5.21% decrease in the last day, correlating with the negative price shifts in the Bitcoin market. Despite this, the ongoing crypto bull run has yielded a remarkable 51.24% growth over the past year.
The frontrunner, Bitcoin, is currently valued at $108,118, marking a 1.46% loss in the last 24 hours. The pioneer cryptocurrency also displays a 14.40% drop in daily trading volume, signaling a slump in transactions and market activity.
