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Cryptographic analyst <a target="_blank" href="https://bitcoinist.com/bitcoin-top-analyst-stop-rally/” rel=”nofollow”>Tony Severino has revealed that the bitcoin price bull run could end in January 2025. The analyst further projected that btc will peak below $150,000 when its bull run ends next month.
bitcoin price could surpass $150,000 in January 2025
in a <a target="_blank" href="https://x.com/tonythebullBTC/status/1865791239851069529″ rel=”nofollow”>x publicationTony Severino reaffirmed his theory that the price of bitcoin could peak on January 20, 2025. He shared an accompanying chart showing btc following a textbook example of a “complete” market cycle. The chart showed that bitcoin could surpass $150,000 when it reaches the <a target="_blank" href="https://bitcoinist.com/bitcoin-bull-run-market-top/” rel=”nofollow”>top of the market next month.
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The chart shows that the price of bitcoin is in the last leg of the driving wave of this market cycle. Once this driving wave ends, possibly as soon as January 2025, the corrective wave of this <a target="_blank" href="https://bitcoinist.com/even-in-a-parabolic-bull-run-bitcoin-can-see-30-pullbacks-top-analyst/” rel=”nofollow”>market cycle will begin. This wave, which marks the beginning of the bear market, could last until mid-2027 and send btc back to $50,000.
Donald Trump's pro-cryptocurrency measures may already be discounted
in a detailed blog postTony Severino provided more insight into why the bitcoin price bull run could peak so early. He pointed out that <a target="_blank" href="https://bitcoinist.com/bitcoin-price-donald-trump/” rel=”nofollow”>Donald Trump's victory in the United States presidential elections is the narrative that has caused a takeoff throughout the market. Thanks to its pro-crypto stance, btc broke a resistance level the night it was declared the winner and has since risen to $100,000.
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However, Severino commented that Trump's pro-cryptocurrency world is the new paradigm this time. He acknowledged that market participants cannot imagine a world in which the price of bitcoin does not rise much higher, considering that the president-elect has promised to create a <a target="_blank" href="https://bitcoinist.com/strategic-bitcoin-reserve-legislation-10-us-states/” rel=”nofollow”>bitcoin Strategic Reservewhich could create a lot of FOMO among other nation-states.
However, the crypto analyst asked market participants to consider the fact that the Efficient Market Hypothesis says that the market looks into the future and values all information at the time it is available. Severino believes btc could have already priced in Trump's pro-crypto moves.
If so, he predicts that this “new paradigm” could create the perfect atmosphere of euphoria and a cyclical peak when Trump finally takes office. In other words, Donald Trump's inauguration could mark the peak of the bitcoin price bull run, and the corrective wave could begin as soon as he takes office.
The last two 'new paradigms' became peaks of the cycle
Tony Severino alluded to what happened the last two times that the term “new paradigm” was commonly used. According to him, those events became cyclical peaks for the price of bitcoin. First of all, he pointed out that when <a target="_blank" href="https://bitcoinist.com/cme-group-launches-record-bitcoin-friday-futures/” rel=”nofollow”>CME Futures were about to launch, many expected that the fact that institutions could have exposure to btc would bring in a lot of capital.
However, that was not the case as a bear market began. The same thing happened with <a target="_blank" href="https://bitcoinist.com/coinbase-no-ties-with-firms-hiring-crypto-foes/” rel=”nofollow”>Coinbase go public, generating optimism that the price of bitcoin could easily reach $100,000. However, that was not the case, as that event marked the cyclical peak of the bitcoin price bull run.
At the time of writing, bitcoin price is trading at around $99,200, a drop in the last 24 hours, according to <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/” rel=”nofollow”>data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
