- TOTAL 1M chart breaks out of a 4-year range
- Simple technical analysis shows clear bullish structure
- Market sentiment strongly shifts away from bearishness
After years of sideways movement, the crypto market has finally broken free. The TOTAL 1M chart—representing the entire crypto market cap on a monthly timeframe—has officially flipped a massive 4-year range to the upside. This significant breakout occurred in November 2024 and continues to build momentum.
This breakout marks the end of a prolonged consolidation phase that began back in 2020. For technical analysts, especially beginners, this is one of the clearest signals yet that market conditions have shifted.
A Simple Yet Powerful Chart Pattern
The TOTAL chart has only seen three clean monthly ranges since it was created. These long, horizontal zones acted as periods of accumulation and distribution. When the current range broke in late 2024, it confirmed a strong bullish reversal.
What makes this even more notable is how straightforward the technical analysis is. You don’t need complex indicators—just a basic understanding of support and resistance is enough. The breakout is visible to anyone watching the monthly candles.
This simplicity is what makes bearish outlooks increasingly hard to justify. The price action (PA) alone tells a compelling story: we’re no longer in a ranging market—we’re in a trending one.
Bearish Views Look Increasingly Unfounded
Given the clarity of the chart, continuing a bearish stance appears disconnected from reality. Unless there is a dramatic reversal, the structure now favors upward movement.
Crypto markets are inherently volatile, but this level of breakout on a 1M timeframe is rare and typically indicates the start of a longer-term trend. For traders and investors alike, this shift is hard to ignore.
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