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Analysis: Bitcoin Double Top Formation Warrants Caution, Unlikely for Complete Collapse
Summary: According to sources, Tischhauser, investment research director at digital asset bank group Sygnum, stated in an interview with CoinDesk that due to fundamental valuation challenges, the cryptocurrency market is driven by emotions; therefore, technical analysis signals like double tops should be treated with caution. However, a complete market collapse would require catalysts like the 2022 ...
According to sources, Tischhauser, investment research director at digital asset bank group Sygnum, stated in an interview with CoinDesk that due to fundamental valuation challenges, the cryptocurrency market is driven by emotions; therefore, technical analysis signals like double tops should be treated with caution. However, a complete market collapse would require catalysts like the 2022 Terra collapse or FTX crash. Unless similar black swan events occur, based on current political and regulatory support and ongoing institutional capital inflows, we may see a long-term bullish cycle.
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Link: Analysis: Bitcoin Double Top Formation Warrants Caution, Unlikely for Complete Collapse [Copy]
