Mark Newton, an analyst at Tom Lee's fund, has countered claims that the cryptocurrency market has peaked, citing five key reasons. Newton argues that the Elliott Wave structure shows no signs of a market top, and the monthly DeMark signal has yet to appear. He also notes that while the MACD indicator has turned negative due to sideways consolidation, this is not decisive without a confirming wave indicator. Additionally, the medium-term trend remains intact with rising highs and lows since 2022. Finally, Newton points out that current market sentiment is not at levels typically associated with a significant market peak.