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Mark Newton, senior analyst at the fund founded by Tom Lee, stated in a post on the social media platform X that many analysts argue that the cryptocurrency market has reached its peak based on classical technical indicators, but he does not agree with this view.

Newton listed five key reasons why the current market has not yet peaked:

  • The Elliott Wave structure has not yet signaled a top.
  • Monthly DeMark indicators have not yet generated warnings.
  • He stated that although the MACD indicator moves into negative territory during horizontal consolidation periods, this time this signal is not decisive due to the lack of a clear five-wave bearish structure starting from above.
  • The medium-term trend has remained intact since 2022, with highs and lows gradually increasing.
  • Market sentiment is far from the level of over-optimism typically seen ahead of major peaks.

According to Newton, when these indicators are combined, it appears that the “market top” narrative has yet to gain support.

Related News: Company Managing $5 Billion Reveals New Price Forecast for Ethereum

Tom Lee, the president of the same fund, argued in an interview with Anthony Pompliano that Bitcoin’s classic “four-year cycle” model may no longer be valid. According to Lee, many market participants expect Bitcoin’s next peak to be in early 2026, but he noted that “when everyone is thinking the same way, that view is often proven wrong.”

*This is not investment advice.

Continue Reading: Expert Analyst Tom Lee’s Fund Revealed Whether “Bitcoin and Altcoins” Have Peaked

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Author: NixCoin