Analyst Reveals Why BTC Will Hit Its Top A Month From Now Below $150,000
cryptocurrency analyst Tony Severino It has been revealed that the Bitcoin price bull run may end as early as January 2025. The analyst further predicts that Bitcoin will surpass $150,000 as the bull market ends next month.
Bitcoin price could hit $150,000 by January 2025
in a X postsTony Severino reiterated his theory that Bitcoin price could peak as early as January 20, 2025. He shared an accompanying chart showing a textbook example of BTC following a “complete” market cycle. The chart shows that Bitcoin could break above $150,000 when it reaches below $150,000. market top next month.
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The chart shows that Bitcoin price is on the last leg of this market cycle’s momentum wave. Once this motive wave completes, possibly as soon as January 2025, this corrective wave will occur market cycle will begin. This wave ushering in a bear market may last until mid-2027 and cause BTC to retrace to as low as $50,000.
Donald Trump’s pro-crypto moves may have already been priced in
in detail blog postTony Severino provides more insight into why the Bitcoin price bull run peaked so early. He pointed out donald trump’s victory This narrative in the U.S. presidential election caused the entire market to take off. Due to his pro-crypto stance, Bitcoin broke through resistance the night he was declared the winner and subsequently rallied to $100,000.
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However, Severino said Trump’s pro-crypto world is the new paradigm this time around. He acknowledged that market participants cannot imagine a world in which Bitcoin prices do not rise significantly, given that the president-elect has pledged to create a world in which Bitcoin prices do not rise significantly. Bitcoin strategic reservewhich could create a lot of FOMO among other nation-states.
However, cryptocurrency analysts asked market participants to consider the fact that the efficient markets hypothesis holds that markets are forward-looking and price all information as it becomes available. Severino believes that BTC may have mirrored Trump’s pro-cryptocurrency moves.
If so, he predicts this “new paradigm” could create the perfect euphoric atmosphere and 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 correction wave could begin as soon as he takes office.
The last two “new paradigms” became cycle peaks
Tony Severino mentioned what happened two times recently when the term “new paradigm” was often used. According to him, these events serve as cyclical spikes in Bitcoin prices. First, he pointed out that when CME Futures When Bitcoin was about to launch, many expected that the fact that institutions would have access to Bitcoin would bring in a lot of money.
However, this was not the case as it instead triggered a bear market. The same thing happened in Coin library The listing has sparked optimism that the price of Bitcoin could easily rise to $100,000. However, this was not the case as the event marked the cyclical peak of the Bitcoin price bull run.
As of this writing, Bitcoin is trading around $99,200, having fallen in the past 24 hours, according to the data data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
