May 9, 2025
Ibiam Wayas
Calling the top of the crypto bull market can be difficult, but there are several indicators that suggest that a bull market may have reached its top.
The Fear and Greed Index assesses the overall crypto market sentiment. If the Index stays above 80 for several weeks, despite some negative news, it could indicate irrational exuberance typical of a market top.
This indicator uses two simple moving averages (SMAs): the 111-day SMA and the 350-day SMA multiplied by 2. If the 111-day moving average crosses above the 350-day moving average multiplied by two, it could signal that the bull market is reaching its peak.
Historically, the peak of Bitcoin bull markets has often coincided with the 111-day SMA crossing above the 350-day SMA x 2.
Altcoin season occurs when altcoins experience significant price appreciation and outperform Bitcoin.
If Bitcoin's dominance drops significantly (e.g., below 40%) while numerous obscure altcoins are experiencing massive, unsustainable pumps, it could signal a late-stage bull market frenzy.
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