Is the crypto market really at its peak? One analyst says "no."

2025-11-06 12:08:34

Abstract generation in progress

Mark Newton, an analyst at Tom Lee’s fund, expressed strong disagreement with the popular belief that technical indicators are signaling a market top in crypto.

Here’s why he is confident:

Wave patterns do not confirm a decline. The Elliott Wave structure does not show the classic signs of a market peak. DeMark signals on monthly charts also did not trigger. Additionally, there is no confirmation of a sharp five-wave decline from the high — this is a key point.

MACD strengthening doesn’t mean as much as it seems. Yes, sideways movement weakens momentum and can dampen the MACD, but that doesn’t mean a fall is inevitable.

The medium-term trend remains intact. Since 2022, highs continue to rise. Corrections are not the same as reversals.

Sentiment is not at extremes. During major market peaks, crypto market psychology is usually different.

⚠️ But hold on: Newton previously made accurate predictions about ETH, but his optimistic forecast from September did not match reality. So, we see a classic situation — clear logic, but market tracks don’t always align.

ETH0,62%

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