Tom Lee's fund analyst: Cryptocurrency has not yet peaked

Nov 02, 2025 11:05:57

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Fundstrat's Head of Technical Strategy Mark Newton CMT posted on X platform that he disagrees with the view that cryptocurrencies have peaked, citing five reasons:

The Elliott Wave structure does not show signs of a peak;
The monthly DeMark signals have not yet been triggered;
The MACD indicator turning negative due to consolidation is not decisive;
The mid-term uptrend since 2022 has not been broken;
Market sentiment is far from the levels that typically signify a meaningful peak.

He added that he is watching for signals confirming that ETH and BTC prices have bottomed.

(Source)