Bitcoin Isn’t At Top Yet, Says Analyst — Here’s What Traders Are Overlooking
Posted On June 23, 2025
Crypto trader and analyst Cheds has issued a warning to traders calling for a Bitcoin (CRYPTO: BTC) market top, arguing that the flagship cryptocurrency is still in a stage one uptrend.
Speaking on a YouTube livestream, Cheds explained the current price action suggests Bitcoin is consolidating within a healthy bullish trend and predictions of a top are premature.
“There’s no way to call top yet,” Cheds said. “Any kind of top now is not based on available information.”
Cheds pointed to key technical indicators to support his position, particularly Bitcoin’s price consistently trading above the rising eight-period exponential moving average (EMA) and the simple moving average (SMA) 200, both of which …
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