Fundstrat's Mark Newton Claims Cryptocurrencies Have Not Reached Their Peak
Mark Newton's Analysis: Mark Newton, Head of Technical Strategy at Fundstrat, argues that cryptocurrencies, particularly Bitcoin and Ethereum, have not yet peaked, supported by the Elliott Wave pattern showing no signs of a market top.
Institutional Interest: Despite market volatility, there remains strong institutional interest in BTC and ETH, which aligns with Newton's optimistic outlook on the cryptocurrency market.
Bitcoin Market Data: As of November 2, 2025, Bitcoin is trading at $110,032.21 with a market cap of $2.19 trillion, experiencing a slight decrease, yet maintaining significant trading volume.
Market Conditions Analysis: The Coincu research team emphasizes the need to analyze ongoing market conditions, technological advancements, and regulatory changes to better understand future trends in cryptocurrency valuations.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000586 | 0.00000887 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000887 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000178 | 0.00002 |
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