Bitcoin’s
BTC$107,489.33
double top prospects above $100,000 warrant caution, but a full-blown 2022-style crash looks unlikely unless an unexpected black swan hits, according to digital asset banking group Sygnum’s Head of Investment Research Katalin Tischhauser.
Trending: Canada declares independence from Liberal censorship — with Donald Trump’s help
“The crypto market is strongly sentiment-driven as fundamental valuations are challenging; therefore, technical analysis signals such as the double top warrant caution. That said, a full-blown crash needs a catalyst like the Terra collapse of 2022 or the FTX blowup. Barring a similar black swan, we could see a prolonged bull cycle, based on the current political and regulatory support and sticky institutional capital flowing in,” Tischhauser told CoinDesk in an interview.
*]:col-start-1 [&>*]:row-start-1 [&_[data-jw-placement-id]]:w-full [&_.jwplayer]:aspect-video [&_.jwplayer]:!w-auto [&_.jwplayer]:!h-auto [&_.jwplayer]:!z-1″>
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!