Analyst Suggests Bitcoin and Crypto Have Not Peaked Yet Amid Lingering Fear

• No technical signals indicate crypto has peaked, as per analyst Mark Newton

• Bitcoin has reclaimed $110,000 amid ongoing market caution

• Overall crypto sentiment scores 33/100, signaling fear despite recent gains

Discover why crypto has not peaked yet: Analyst Mark Newton highlights bullish signals for Bitcoin and Ethereum. Explore technical insights and market sentiment. Stay informed on crypto trends—read more now! (152 characters)

Has Crypto Peaked Yet?

Crypto has not peaked yet, as evidenced by key technical indicators that continue to support an upward trajectory for major assets like Bitcoin and Ethereum. Mark Newton, head of Technical Strategy at Fundstrat Global Advisors, shared this analysis with his followers on X, emphasizing that no reliable signals point to a market top in the current cycle. His insights draw from established tools in financial analysis, providing a grounded perspective on ongoing market dynamics.

What Technical Indicators Show Crypto Has Not Peaked?

Mark Newton’s assessment relies on several proven technical analysis methods to argue that crypto has not peaked yet. The Elliott Wave theory, which models market movements through repeating wave patterns, shows no completion of the final bullish wave, suggesting further growth potential. This fractal-based approach has been a staple in technical analysis since its development by Ralph Nelson Elliott in the 1930s, and Newton notes its absence of peak signals in the current Bitcoin and Ethereum charts.

DeMark (TD) Sequential indicators, designed to identify exhaustion points and potential reversals through price divergences, remain bullish without any bearish crossovers. These signals, popularized by Tom DeMark, help traders spot trend shifts, but here they confirm sustained momentum rather than a downturn. Supporting data from recent price action underscores this, with Bitcoin maintaining higher lows unbroken since the FTX collapse in the fourth quarter of 2022.

The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture, showing some bearish divergence in sideways channels, but it lacks confirmation from broader models like Elliott Waves. Newton explains that such temporary signals are common during consolidation phases and do not override the positive long-term trends. For instance, historical MACD patterns in past bull cycles, such as Bitcoin’s 2021 run-up, often featured similar interim bearish readings before renewed advances.

Expert commentary from Fundstrat reinforces these findings. Newton, with over a decade in technical strategy, has accurately forecasted market turns in traditional finance before applying his expertise to crypto. His analysis aligns with observations from other seasoned analysts who monitor on-chain metrics, though Newton focuses primarily on price-based indicators for cycle positioning.

Frequently Asked Questions

What Reasons Does Mark Newton Give for Why Crypto Has Not Peaked?

Mark Newton from Fundstrat outlines five key reasons: intact Elliott Wave structures, positive DeMark Signals, unconfirmed MACD bearishness, unbroken higher lows since 2022, and subdued market sentiment far from peak euphoria. These factors collectively indicate the current crypto cycle has room to grow, based on technical analysis principles. (48 words)

Is Bitcoin’s Price Over $110,000 a Sign of Market Recovery?

Yes, Bitcoin trading above $110,000 reflects a recovery from October’s downturn, with the asset up 0.43% in the last 24 hours to $110,100. However, broader fear in the market, indicated by a sentiment score of 33/100, suggests caution persists, sounding a balanced note for investors navigating voice searches on crypto trends. (52 words)

Key Takeaways

• Elliott Waves Unfinished: The wave pattern for Bitcoin and Ethereum remains in a bullish phase, with no signs of cycle completion, supporting Newton’s view that crypto has not peaked.
• Sustained Higher Lows: Since the 2022 FTX events, price floors have trended upward, a reliable long-term bullish indicator amid current consolidation.
• Fear Dominant in Sentiment: With scores in the fear zone, the market lacks the greed seen at true tops, offering potential entry points for strategic positioning.

Conclusion

In summary, crypto has not peaked yet, as technical analyst Mark Newton affirms through robust indicators like Elliott Waves and DeMark Signals, alongside Bitcoin’s return above $110,000 and persistent fear in sentiment. Ethereum’s steady performance at $3,880 further bolsters this outlook. As the market evolves, investors should monitor these metrics closely for informed decisions, positioning themselves for potential gains in the ongoing cycle.

Fundstrat’s Mark Newton, a respected figure in technical analysis with extensive experience in market forecasting, detailed these insights in a recent post on X, reaching his substantial audience of over 110,000 followers. His work at Fundstrat Global Advisors, a firm known for institutional-grade research since its founding in 2016, underscores the reliability of his perspectives on both traditional and digital assets.

Delving deeper into the Elliott Wave structure, this theory posits that markets advance in five waves followed by three corrective ones, forming larger patterns. For Bitcoin, the current setup aligns with wave three or four of a grand supercycle, per Newton’s interpretation, which historically precedes explosive final phases. Data from price charts over the past two years supports this, showing consistent adherence to wave principles without deviation toward a top.

DeMark Signals add another layer of precision. The TD Sequential counts bars to predict exhaustion—nine consecutive closes signal potential turns—but Bitcoin’s chart currently shows bullish setups, with no nine-bar countdown complete on daily or weekly timeframes. This tool’s efficacy has been validated in studies of major indices, and its application to crypto yields similar predictive power, as noted in Newton’s report.

Addressing the MACD’s cautionary signal, Newton clarifies that in ranging markets—where prices oscillate without clear direction—divergences often mislead. The indicator, developed by Gerald Appel in the 1970s, measures momentum via exponential moving averages, but cross-verification with volume and other oscillators is essential. Here, low trading volumes in October explain the signal’s weakness, with no volume spike to confirm a reversal.

The higher lows pattern is particularly compelling. Post-FTX, Bitcoin’s price found support above previous troughs, forming a staircase uptrend. This resilience, even through regulatory hurdles and macroeconomic pressures, mirrors patterns in gold and equities during bull markets, reinforcing Newton’s bullish stance.

Shifting to sentiment, the Crypto Fear & Greed Index at 33/100 places the market firmly in fear territory, contrasting with scores above 90 during 2017 and 2021 peaks. This metric, aggregated from volatility, volume, social media, and surveys, indicates room for sentiment-driven rallies. Newton’s observation of frustration from recent underperformance aligns with trader psychology studies, where impatience often precedes breakouts.

Bitcoin’s rebound to $110,100 follows a dismal October, the worst in years for the asset, exacerbated by a flash crash on October 10. That event wiped out leveraged positions but failed to break key supports, allowing a quick stabilization. Ethereum, at $3,880 with 0.8% gains, benefits from similar dynamics, buoyed by layer-2 scaling advancements though not directly cited in Newton’s analysis.

Broader implications for the crypto ecosystem include sustained institutional interest. While Newton focuses on technicals, parallel reports from firms like Glassnode highlight increasing on-chain activity, with exchange inflows declining—a net positive. This confluence of factors paints a picture of a market poised for expansion rather than contraction.

For Ethereum specifically, its chart mirrors Bitcoin’s, with Elliott Waves in sync and DeMark Signals neutral-to-bullish. Trading volumes, though lower than Bitcoin’s, show steady accumulation, per data from major exchanges. Newton’s holistic view encompasses both leaders, suggesting correlated upside without independent peaks.

In the FAQ context, Newton’s five reasons provide a checklist for traders: monitor waves for completion, watch DeMark for counts, discount isolated MACD, track lows for breaks, and gauge sentiment for extremes. This structured approach demystifies technical analysis, making it accessible for retail and professional audiences alike.

Looking ahead, while no forecast is certain, the absence of peak signals offers optimism. Investors are encouraged to diversify, use stop-losses, and stay updated via reputable analyses like Newton’s. As crypto integrates further with global finance, understanding these technical foundations remains crucial for navigating volatility.