Bitcoin Bull Market Could Extend Despite Emerging Double-Top Pattern, Says Sygnum’s Luca Tischhauser

Luca Tischhauser, Head of Investment Research at Sygnum, emphasized in a recent CoinDesk interview that the cryptocurrency market remains heavily influenced by investor sentiment rather than traditional fundamental valuation metrics. He cautioned market participants to interpret emerging technical patterns, such as the double-top formation, with prudence. Tischhauser highlighted that a significant market downturn would necessitate an extraordinary catalyst akin to the 2022 Terra collapse or the FTX flash crash. In the absence of such a disruptive event, the current landscape—characterized by supportive political frameworks, regulatory clarity, and sustained institutional capital inflows—could potentially extend the ongoing bull market cycle. This perspective underscores the importance of monitoring macroeconomic and regulatory developments alongside technical indicators when assessing crypto market trajectories.