Why Bitcoin and Crypto Remain Strong Buys in 2025

The cryptocurrency market in 2025 is navigating a complex but structurally bullish landscape. Despite macroeconomic headwinds and periodic volatility, technical and sentiment-based analyses paint a compelling case for Bitcoin and broader crypto assets as strong long-term buys. This article synthesizes key insights from Elliott Wave theory, DeMark Signals, MACD trends, and sentiment metrics to outline why the current cycle remains far from its peak.

Elliott Wave: A Structurally Robust Uptrend

Bitcoin's price action in late 2025 has unfolded within a textbook five-wave impulse structure, a hallmark of bullish momentum in Elliott Wave theory. From a September 1, 2025 low, Wave 1 surged to $117,968, followed by a corrective Wave 2 to $108,739. Wave 3, now in progress, has already driven Bitcoin to a new all-time high of $125,725, with sub-wave ((iii)) reaching $125,725 and sub-wave ((iv)) finding support at $122,355, according to an Elliott Wave International report. Sub-wave ((v)) is nearing completion, finalizing Wave 3 on a higher degree.

Following this, Wave 4 is expected to correct the rally from the September 25 low, but as long as the critical pivot at $108,676 remains intact, dips should find support in 3-7-11 swing patterns, the Elliott Wave International report notes. After Wave 4 concludes, Wave 5 could be projected using the 123.6–161.8% inverse Fibonacci retracement of Wave 4, offering a precise target for further upside. While some analysts caution a potential bear market until late 2026, the Elliott Wave International report warns, the structural integrity of the Elliott Wave model suggests the current uptrend is far from exhausted.

DeMark Signals and MACD: No Bearish Confirmation

Mark Newton, a leading technical analyst, has identified five key indicators that collectively suggest Bitcoin and Ethereum have not yet reached their cycle peaks. Among these, DeMark Signals remain bullish, showing no bearish divergences or crossovers, according to a Coinotag analysis. The MACD, while exhibiting some bearish signals in sideways consolidation phases, lacks confirmation from broader models like Elliott Wave, weakening its reliability as a standalone bearish indicator, the Coinotag analysis adds.

Q3 2025 data further reinforces this view, according to a 99Bitcoins report. Bitcoin's MACD trends revealed a tug-of-war between the 50 and 100 EMAs, with the asset briefly reclaiming these levels in early September before treating them as resistance. Ethereum, meanwhile, hit a record high of $4,956 in August, with its MACD reflecting rising bullish sentiment despite a mid-September spike in bearish bets. These dynamics underscore a market still in a phase of consolidation rather than terminal exhaustion.

Higher Lows and Sentiment: A Fear-Driven Bull Market

Since the FTX collapse in late 2022, Bitcoin has maintained an unbroken pattern of higher lows, a critical sign of a long-term bullish trend, the Coinotag analysis observed. This resilience is amplified by the current sentiment environment. According to the Fear and Greed Index, market sentiment remains in the "fear" zone at 33/100, far from the euphoric levels (75–100) typically observed at major peaks, the Coinotag analysis notes.

On-chain data also supports this narrative. Bitcoin's liquidation heatmap shows heavy short-position clusters around $113k–$114k, where short squeezes have repeatedly driven prices higher, as detailed in the 99Bitcoins report. Conversely, the $105k–$111k range has become a liquidation pocket for over-leveraged longs, adding selling pressure during dips. These dynamics suggest a market still in the early stages of a multi-year bull cycle.

Mark Newton's Five Indicators: A Framework for Confidence

Newton's five indicators provide a comprehensive framework for assessing the market's trajectory:
1. Elliott Wave Structure: No signs of a peak, with Wave 3 nearing completion, according to the Coinotag analysis.
2. DeMark Signals: No bearish divergences, the Coinotag analysis reports.
3. MACD Trends: Sideways bearish signals lack confirmation, the Coinotag analysis observes.
4. Higher Lows: Unbroken since 2022, forming a clear bullish trend, the Coinotag analysis notes.
5. Sentiment: Fear-driven buying persists, far from euphoric extremes, the Coinotag analysis concludes.

These factors collectively suggest the current cycle is in its early-to-mid phase, with substantial upside potential before a potential bear market emerges.

Conclusion: A Strong Buy Case for Long-Term Investors

While short-term volatility and macroeconomic risks remain, the technical and sentiment fundamentals for Bitcoin and crypto in 2025 are robust. The Elliott Wave structure, DeMark and MACD dynamics, sustained higher lows, and fear-driven sentiment all point to a market far from its peak. For long-term investors, this represents a compelling opportunity to position for the next leg of the bull cycle.