Crypto Cycle Unpeaked as Fear Persists, Says Fundstrat Analyst
Fundstrat Global Advisors’ technical strategist Mark Newton argues the current crypto cycle has not peaked. He points to five technical signals: an unfinished Elliott-Wave pattern; positive DeMark Sequential setups; an unconfirmed MACD bearish crossover amid low trading volumes; unbroken higher lows since late 2022; and a subdued Crypto Fear & Greed Index at 33/100.
Bitcoin has reclaimed $110,000 and Ethereum trades near $3,880. These combined indicators suggest further upside in the crypto cycle. Traders should monitor wave counts, DeMark signals, moving-average trends and sentiment extremes when planning entries and managing risk.
Bullish
Fundstrat’s analysis highlights multiple uncompromised bullish signals—unfinished Elliott waves, positive DeMark setups, long-term higher lows and low market euphoria—while Bitcoin and Ethereum reclaim key price levels. The subdued sentiment index at 33/100 and unconfirmed MACD bearish divergence amid low volumes create a contrarian setup that typically precedes further gains. In the short term, traders may see rallies as sentiment shifts from fear toward neutrality. Over the long term, the intact uptrend since late 2022 and technical confirmations support sustained upside potential.