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Technical analysts set aside concerns about cryptocurrency market overbought conditions
In a recent assessment of the current market situation, Newton from Fundstrat explains that major cryptocurrencies like Bitcoin and Ethereum are still far from their all-time peak levels. This assessment is based on multiple technical indicators pointing to continued bullish momentum in the market.
The analyst confirms that the fear of cryptocurrencies reaching their peak may be exaggerated, as current data indicates there is room for growth. Bitcoin and Ethereum, as the largest cryptocurrencies by market capitalization, show healthy indicators from a technical analysis perspective.
Market followers find support in this analysis for their investment strategies, especially those looking to better understand the upcoming market movement. Expert evaluations like Newton from Fundstrat provide insights into market trends based on well-known technical analysis tools.