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Crypto analyst Tony Severino indicated that the price of the Bitcoin bull run may end as soon as January 2025. The analyst further indicated that BTC will peak below $150,000 as its bull run ends next month.
Bitcoin Price May Peak in January 2025 Below $150,000
In an X postTony Severino reaffirmed his theory that the price of Bitcoin could rise as soon as January 20, 2025. He shared an accompanying chart showing that BTC follows a textbook example of a “perfect” market cycle. The chart showed that Bitcoin could top below $150,000 as it reaches top of the market next month.
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The chart shows that the Bitcoin price is in the last leg of the bullish wave of this market cycle. Once this stimulus wave is completed, perhaps as soon as January 2025, the correction wave is here market cycle it will start. This wave, which ushers in a bear market, could last until the middle of 2027 and cause BTC to return as low as $50,000.
Donald Trump’s Pro-Crypto Moves May Already Be Priced
In detail blog postTony Severino provided more details on why the price of the Bitcoin bull run could be higher this early. He noted that Donald Trump’s victory the US presidential election is the story that caused the market to move. Due to his pro-crypto stance, BTC broke out of the resistance level the night he was declared the winner and has since reached $100,000.
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However, Severino noted that Trump’s pro-crypto world is the new paradise this time around. He admitted that market participants cannot imagine a world in which the price of Bitcoin does not rise significantly, given that the president-elect has promised to create Strategic Bitcoin Reservewhich can cause a lot of FOMO among some states.
However, the crypto analyst asked market participants to consider the fact that the Efficient Market Hypothesis states that the market is forward-looking and prices in all information at the time it is available. Severino believes BTC would have already priced in Trump’s pro-crypto moves.
If so, he predicts that this “new paradigm” could create a positive state of euphoria and a higher cycle rate when Trump finally takes office. In other words, The inauguration of Donald Trump it can mark the top of the Bitcoin bull run price, and a correction wave can start as soon as he takes the position.
The Last Two ‘New Paradigms’ Were Cycle Tops
Tony Severino referred to what happened the last two times the term “new paradigm” was used regularly. According to him, those events were the cyclical peaks of the price of Bitcoin. First, he noted when The future of CME were about to launch, many expected that the fact that institutions could have exposure to BTC would bring in more money.
However, it was not to be, as a bear market began instead. The same thing happened Coinbase going public, raising hopes that Bitcoin’s value could easily rise to $100,000. However, it was not to be, as that event marked the highest price of Bitcoin.
At the time of writing, the price of Bitcoin is trading around $99,200, down from the last 24 hours, according to data from CoinMarketCap.
The featured image was created with Dall.E, a chart from Tradingview.com
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