Analyst Miles Deutscher Claims Crypto Bull Run Is Still Ongoing

Analyst Miles Deutscher argues the crypto market's current fatigue is misinterpreted. He believes an extended cycle is likely, with Ethereum positioned to lead even if Bitcoin cools.

Market Analysis

Deutscher challenges the narrative that Bitcoin has reached a peak, stating the cycle is not over.
He highlights Bitcoin's recent price actions and indicates a need to reclaim levels above $114k for structural integrity.
Ethereum shows strength by compressing under resistance while remaining above critical trend indicators.
Macro risk ratios indicate potential upward movement rather than a downturn in the business cycle.
Political support for crypto and potential rate cuts later this year could bolster market sentiment.
Despite short-term volatility, higher time-frame patterns suggest Bitcoin may pull back to around $100,000 without signaling a market top.

Altcoin Dynamics

Historical trends show Ethereum often rallies after Bitcoin tops; prior instances saw significant gains for ETH despite BTC declines.
Deutscher observes a decoupling where altcoins are rising against Bitcoin, indicating strong underlying structures for ETH.
He favors trading on Ethereum during Bitcoin dips, advocating for careful leverage use and focus on spot trading.
Deutscher concludes neither Bitcoin nor altcoins have peaked, given the current state of the business cycle.

At press time, Bitcoin traded at $113,028.