Cryptocurrency analyst Tony Severino revealed that the Bitcoin price boom may end as early as January 2025. The analyst further predicted that BTC will reach below $150,000 after the bull market ends by next month.

Bitcoin price could peak below $150,000 by January 2025

In Post XTony Severino confirmed his theory that Bitcoin’s price could peak as early as January 20, 2025. He shared the attached chart showing that BTC follows a textbook example of a “full” market cycle. The chart showed that Bitcoin could reach below $150,000 market peak next month.

The chart shows that Bitcoin price is on the last leg of the incentive wave of this market cycle. When this incentive wave ends, perhaps as early as January 2025, a corrective wave will arrive market cycle it will start. This wave, which initiates a bear market, may last until mid-2027 and cause BTC to return to as low as $50,000.

Donald Trump’s pro-crypto moves may already be priced in

In detail blog entryTony Severino offered more insights on why Bitcoin’s price rally may have peaked so early. He noticed it Donald Trump’s victory in the US presidential elections is a narrative that resonated throughout the market. Thanks to his pro-crypto stance, BTC broke through the resistance level the night he was declared the winner and has since surged to $100,000.

However, Severino noted that this time the up-to-date paradigm is Trump’s pro-crypto world. He admitted that market participants cannot imagine a world in which the price of Bitcoin does not rise much higher, given that the president-elect has promised to create Bitcoin Strategic Reservewhich could cause a lot of FOMO among other nation states.

However, the cryptocurrency analyst asked market participants to take into account the fact that the Proficient Market Hypothesis states that the market looks into the future and values ​​all information as it becomes available. Severino believes that BTC may have already been included in Trump’s pro-crypto moves.

If so, he predicts that this “new paradigm” could create the perfect atmosphere of euphoria and a cyclical high when Trump finally takes office. In other words, Donald Trump’s inauguration could mark the peak of Bitcoin’s bull run, and a corrective wave could begin as soon as he takes office.

The last two “new paradigm” became the peaks of the cycle

Tony Severino alluded to what happened during the last two regular uses of the term “new paradigm.” According to him, these events have become cyclical peaks in Bitcoin’s price. First he noticed that when CME Futures were about to launch, many expected that the fact that institutions would be able to have exposure to BTC would bring in a lot of capital.

However, this did not happen as a bear market began instead. The same thing happened with Coinbase going public, sparking optimism that Bitcoin’s price could easily reach $100,000. This did not happen, however, as this event marked a cyclical peak in Bitcoin price increases.

At the time of writing, Bitcoin is trading at around $99,200, down over the last 24 hours, according to data from CoinMarketCap.

Featured image created with Dall.E, chart from Tradingview.com