Crypto analyst Tony Severino suggests that the Bitcoin price bull run might conclude as early as January 2025, with Bitcoin topping below $150,000. His analysis aligns with a market cycle model predicting the peak next month, based on current BTC trends and the "complete" market cycle theory.
Severino's insights highlight the impact of Donald Trump's pro-crypto moves. Trump's election victory sparked Bitcoin's breakout from resistance, pushing prices to $100,000. The market's anticipation of his promised Strategic Bitcoin Reserve perpetuates this rally, but the analyst warns of a potential cyclical peak.
The Efficient Market Hypothesis posits that the market preempts available information, suggesting Trump's crypto-positive stance might already be integrated into current BTC valuations. Severino forecasts Trump's inauguration as a potential climax of this Bitcoin bull run, based on past "new paradigm" events marking cyclical peaks.
Historical parallels include the bearish outcomes following the launch of CME Futures and Coinbase's public debut, despite widespread optimism. These instances resulted in the cyclical peaks of previous Bitcoin bull runs, potentially mirroring current conditions.
As of now, CoinMarketCap data shows Bitcoin trading near $99,200, slightly declining. This analysis draws parallels with past "new paradigm" triggers that similarly heralded the end of bullish phases in Bitcoin pricing.
