Has the crypto market really peaked? Experts disagree. Despite growing debates around the “peak theory” the idea that the current crypto bull run has already reached its top — leading analysts like Mark Newton, Head of Technical Strategy at Fundstrat, argue otherwise. According to Newton, there are no technical signs of a true market peak yet. Here’s why: 1️⃣ Elliott Wave Analysis: The current market movement still lies in the mid-to-late stage of the upward wave, meaning the structure of a complete top hasn’t formed. 2️⃣ DeMark Indicator: On a monthly scale, this professional indicator hasn’t triggered a top signal — a sign that the market hasn’t entered an overbought or exhausted phase. 3️⃣ MACD Signals: Recent negative MACD patterns are more about sideways correction rather than a major trend reversal, suggesting the long-term uptrend is still intact. 4️⃣ Upward Channel Support: Since late 2022, the market has respected its main support levels, maintaining a healthy ascending channel structure. 5️⃣ Market Sentiment: Unlike the “extreme optimism” of previous bull peaks, today’s sentiment remains cautious a bullish sign that the market isn’t overheated yet. 📊 Outlook: Newton emphasizes watching Bitcoin (BTC) and Ethereum (ETH) for bottom confirmation. Once stability returns, a new technical rally could emerge. ✅ Conclusion: While short-term corrections may occur, the crypto market’s medium-term bullish potential remains strong. The “peak” narrative might just be premature the next chapter of this bull cycle could still be unfolding.
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Has the crypto market really peaked? Experts disagree.
Despite growing debates around the “peak theory” the idea that the current crypto bull run has already reached its top — leading analysts like Mark Newton, Head of Technical Strategy at Fundstrat, argue otherwise.
According to Newton, there are no technical signs of a true market peak yet. Here’s why:
1️⃣ Elliott Wave Analysis:
The current market movement still lies in the mid-to-late stage of the upward wave, meaning the structure of a complete top hasn’t formed.
2️⃣ DeMark Indicator:
On a monthly scale, this professional indicator hasn’t triggered a top signal — a sign that the market hasn’t entered an overbought or exhausted phase.
3️⃣ MACD Signals:
Recent negative MACD patterns are more about sideways correction rather than a major trend reversal, suggesting the long-term uptrend is still intact.
4️⃣ Upward Channel Support:
Since late 2022, the market has respected its main support levels, maintaining a healthy ascending channel structure.
5️⃣ Market Sentiment:
Unlike the “extreme optimism” of previous bull peaks, today’s sentiment remains cautious a bullish sign that the market isn’t overheated yet.
📊 Outlook:
Newton emphasizes watching Bitcoin (BTC) and Ethereum (ETH) for bottom confirmation. Once stability returns, a new technical rally could emerge.
✅ Conclusion:
While short-term corrections may occur, the crypto market’s medium-term bullish potential remains strong. The “peak” narrative might just be premature the next chapter of this bull cycle could still be unfolding.