As a seasoned analyst with over two decades of experience observing financial markets, I have to say that Tony Severino’s latest prediction piques my interest. His theory about the Bitcoin price peaking by January 2025, below $150,000, is an intriguing perspective that aligns with some of my own observations.
According to crypto expert Tony Severino, the surge in Bitcoin prices might come to an end around January 2025. Moreover, he predicts that the maximum value of BTC during this bull run may not exceed $150,000, with a possible decline expected by next month.
Bitcoin Price Could Top By January 2025 Below $150,000
In a recent post on X, Tony Severino reinforced his belief that the price of Bitcoin might hit its peak by January 20, 2025. He also presented a supporting graph demonstrating that Bitcoin’s trend closely matches a typical “full” market cycle pattern. The graph indicates that the Bitcoin price could peak at less than $150,000 as it approaches the market top in the coming month.
The graph indicates that the Bitcoin price is nearing the final stage of its upward trend within this market cycle. When this upward trend concludes, likely by January 2025, it will be followed by a downtrend – marking the start of a corrective phase for this cycle. This downtrend could lead to a bear market that lasts until mid-2027, potentially reducing Bitcoin’s value to around $50,000.
Donald Trump’s Pro-Crypto Moves May Already Be Priced In
As I delve deeper into my research on the Bitcoin price trend, I’m sharing some intriguing findings that suggest we might be nearing the peak of this bull run earlier than expected. The catalyst for this market-wide surge seems to be the narrative sparked by Donald Trump’s election victory in the US. Given his pro-crypto stance, it appears that BTC broke free from a resistance level the very night he was declared the winner and has since soared towards $100,000.
As a researcher, I find myself in agreement with Severino’s perspective. He posits that Trump’s pro-cryptocurrency stance represents a significant shift in the current paradigm. This is noteworthy because it seems that market players are struggling to conceive of a scenario where the price of Bitcoin doesn’t escalate significantly higher. After all, with the president-elect pledging to establish a Strategic Bitcoin Reserve, such a move could spark fear of missing out (FOMO) among other nations, potentially driving up the value even further.
Nevertheless, the cryptocurrency expert advised market players to take into account that the Efficient Market Theory posits that markets are always one step ahead, incorporating all information as soon as it becomes accessible. Severino hypothesizes that Bitcoin might have already factored in President Trump’s supportive attitudes towards cryptocurrencies.
If this is true, he believes that the “new paradigm” might foster an ecstatic environment and a recurring peak once Trump officially assumes office. Essentially, Donald Trump’s inauguration may signal the highest point for the Bitcoin price rally, and a corrective phase could follow immediately after he takes office.
The Last Two ‘New Paradigm’ Became Cycle Peaks
Tony Severino hinted at how past occurrences transpired whenever the term “new paradigm” was frequently mentioned. In his opinion, these incidents served as recurring high points for Bitcoin’s price. He pointed out that when CME Futures were on the verge of launching, there was an expectation that institutions gaining exposure to BTC would lead to a significant influx of capital.
In contrast to expectations, it didn’t lead to a rise, but rather initiated a bear market instead. The same pattern was observed with Coinbase’s initial public offering, which fueled hope that Bitcoin’s price could swiftly reach $100,000. However, this event actually represented the pinnacle of the Bitcoin bull run’s cycle.
Right now when I’m typing this, the Bitcoin price is approximately $99,200 and has decreased slightly over the past 24 hours, based on information from CoinMarketCap.
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2024-12-09 11:46