Crypto market analysts remain optimistic about the months ahead, even after the recent trillion-dollar downturn. Over the past month, crypto markets have shed roughly a trillion dollars amid the largest wave of retail panic selling since the COVID-19 era. Still, many experts argue that the broader bull trend is intact and that the market has not transitioned into a true bear phase.
Analyst Sykodelic shared this viewpoint, suggesting that in the coming month, the market will “climb the biggest wall of worry crypto has ever seen.” They added that current conditions are more reminiscent of 2019’s market structure than the overheated environment of 2021, and that today’s liquidity and macroeconomic setup does not support a prolonged downturn.
COVID Crash Parallels
MN Fund founder Michaël van de Poppe noted similarities between the current pullback and the dramatic crash during the early days of the 2020 pandemic. He explained that many expected the market to retest lows at the time, but those deeper lows never materialized. According to him, the more Bitcoin recovers in the next couple of weeks, the less likely it becomes that the market will revisit recent bottom levels.
Back in March 2020, Bitcoin plunged over 50% during global lockdowns, only to rebound and reach fresh all-time highs later that same year.
Meanwhile, analyst Altcoin Alf believes market conditions are setting the stage for a strong performance, pointing to declining USDT (Tether) dominance, which often signals capital rotating from stablecoins back into crypto assets. They expect Bitcoin to return to record highs and anticipate that altcoins may finally outperform BTC.
Crypto influencer Colin Talks Crypto struck a more cautious tone, acknowledging that multiple bear-market indicators have surfaced but still holding out hope for “one final leg higher.”