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Analysis: Bitcoin's double-top pattern is worthy of vigilance, but it is unlikely that a full-scale collapse will occur

According to online reports, Tischhauser, head of investment research at digital asset banking group Sygnum, said in an interview with CoinDesk: Due to challenges in fundamental valuation, the cryptocurrency market is driven by emotions; therefore, technical analysis signals like Doubletop deserve to be treated with caution. Still, a full-scale market collapse requires catalysts like the 2022 Terra crash or FTX crash. Barring a similar black swan event, based on current political and regulatory support and continued institutional capital inflows, we may see a prolonged bull market cycle.

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