Is the market capitalization peak not yet reached? Analysts rebut.

Mark Newton, an analyst under Tom Lee, is putting a hold on the voices saying “the crypto market has already peaked.”

His claim:

Technical does not suggest

• No signs of peaks in Elliott wave structure
• The monthly DeMark indicator has not yet triggered.
• If there is a sharp decline, a typical 5-wave drop should be observed, but so far there is none.

The trend is still alive

• The highs and lows have consistently risen from the bottom in 2022.
• The medium-term upward trend is ongoing

Market sentiment is different There are also indications that we have not yet reached the typical market sentiment that suggests a peak (extreme FOMO or panic).

However, some people point out the contradiction that Newton had a bullish outlook on ETH since September, but it does not align with the actual chart. This may be a situation that reinforces the difficulty of analyst predictions.