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crypto analyst Tony Severino Analysts also revealed that the Bitcoin price bull run could end as early as January 2025. The analyst further predicted that BTC will fall below $150,000 by next month when the bull market ends.
Bitcoin price could reach levels below $150,000 by January 2025
in ×postTony Severino reaffirms his theory that Bitcoin price could hit its all-time high as early as January 20, 2025, as BTC follows the textbook example of a “complete” market cycle. He shared the attached chart showing that. The chart showed that Bitcoin could reach levels below $150,000. market top next month.
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This chart shows that Bitcoin price is in the final stage of the propulsion wave of this market cycle. Once this propulsive wave is complete, perhaps as early as January 2025, this corrective wave will occur. market cycle It begins. This wave, heralding the arrival of a bear market, could last until mid-2027 and could see BTC fall to $50,000.
Donald Trump’s move to promote cryptocurrencies may already be priced in
In detail blog postTony Severino provided further insight into why the Bitcoin price bull run could top out so early. he pointed out that Donald Trump’s victory This story in the US presidential election caused the entire market to take off. Thanks to his pro-crypto stance, BTC broke through the resistance level the night he was declared the winner and has since risen to $100,000.
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However, Severino said that President Trump’s crypto-promoting world is now a new paradigm. He acknowledged that market participants cannot imagine a world in which Bitcoin prices do not rise as much, given the policies the president-elect has promised to create. Strategic Bitcoin Reservethere can be a lot of FOMO among other nation-states.
However, crypto analysts urge market participants to consider the fact that the efficient market hypothesis states that markets are forward-looking and prices are set the moment all information is available. I asked for it. Severino believes that Bitcoin may have already factored in President Trump’s move to promote cryptocurrencies.
If so, he predicts this “new paradigm” could create the perfect euphoria and cyclical peak when President Trump eventually takes office. In other words, President Donald Trump’s Inauguration This could mark the top of an uptrend in Bitcoin prices, and a correction wave could begin as soon as he takes office.
The past two “new paradigms” reached cycle peaks.
Tony Severino alluded to what happened the last two times the term “new paradigm” was used regularly. According to him, these events marked a cyclical peak in Bitcoin’s price. First, he pointed out that: CME futures When it was about to launch, many expected that the fact that institutions could have exposure to BTC would bring in large amounts of money.
But that wasn’t the case, and a bear market began instead. same thing happened coinbase The listing sparked optimism that the price of Bitcoin could easily rise to $100,000. However, this was not the case as this event marked the cyclical peak of the bull market in Bitcoin prices.
As of this writing, the price of Bitcoin has fallen over the past 24 hours and is trading at around $99,200. data From CoinMarketCap.
Featured image created by Dall.E, chart on Tradingview.com
