Crypto Market Analyst Projects Total Marketcap Correction Before Massive Wave 3 Rally

TLDR:

• Total crypto marketcap completed five-wave pattern in December 2024, entering ABC correction phase 
• Running flat scenario targets $2.62T support while expanded flat projects deeper $2.2-2.3T levels 
• Bitcoin’s recent high represents potential B-wave fake-out before final C-wave correction completes 
• Wave 3 bull projection estimates total crypto marketcap could reach between $10 trillion and $24T 

Crypto market analyst Chetan presents a comprehensive technical outlook suggesting the total cryptocurrency marketcap is navigating through a corrective phase since December 2024, potentially setting up for a significant bull run toward $10-24 trillion valuation.

Running Flat and Expanded Flat Correction Scenarios

The analyst identifies two distinct correction patterns currently shaping the cryptocurrency market structure. Both scenarios stem from a completed five-wave Elliott pattern that topped in December 2024, similar to the altcoin marketcap behavior during the same period.

According to Chetan’s first scenario, the total crypto marketcap operates within a running flat correction pattern. 

This structure could find completion near the ascending channel’s lower boundary around $2.62 trillion. The level coincides with established monthly support zones that have previously acted as demand areas for the broader market.

The technical framework suggests markets often create deceptive moves before establishing genuine trend reversals. 

Bitcoin’s recent behavior supports this thesis, as BTC reached $87,583.98 while simultaneously confusing market participants about directional bias. The analyst notes this price action represents a classic B-wave fake-out pump within corrective structures.

Extended Correction Phase and Long-Term Bull Market Projection

Chetan’s alternative scenario proposes an expanded flat correction with more downside potential before resuming bullish momentum. 

Under this framework, Wave A concluded in April 2025, followed by Wave B completing in October 2025. The market now potentially enters the final C-wave phase.

This expanded flat pattern projects a deeper correction toward $2.2-2.3 trillion before Wave 3 commences. The target zone aligns with a long-term trendline that has provided structural support throughout previous market cycles. 

Historical precedent shows such trendlines often attract substantial buying interest from institutional and retail participants.

The convergence between altcoin marketcap patterns and total crypto marketcap strengthens the technical case. Both markets completed similar five-wave structures and entered three-wave ABC corrections simultaneously. 

This correlation suggests coordinated market behavior rather than isolated movements across different crypto sectors.

Market psychology plays a crucial role in Chetan’s analysis framework. The analyst emphasizes markets typically move against majority sentiment, creating optimal entry points when pessimism peaks. 

Current positioning indicates many traders expect continued upside, potentially setting conditions for the projected correction.

The bullish long-term outlook remains intact despite near-term correction expectations. Wave 3 projections ranging between $10-24 trillion represent substantial appreciation from current levels. 

These targets assume successful navigation through the intermediate correction phase and sustained capital inflows into cryptocurrency markets. The technical setup mirrors historical patterns where deep corrections preceded explosive rallies in previous cycles.