In an interview with CoinDesk, Tischhauser, head of investment research at digital asset banking group Sygnum, said: Cryptocurrency markets are sentiment-driven due to fundamental valuation challenges; therefore, technical analysis signals like a double top deserve to be treated with caution.
Nonetheless, a full-blown market crash would require catalysts like the Terra crash in 2022 or the FTX crash. Barring a similar black swan event, based on current political and regulatory support and continued institutional capital inflows, we could see a prolonged bull market cycle.
Analysis: Bitcoin's double-top pattern warrants vigilance, but a full-scale collapse is unlikely
2025-06-27 04:59:40
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