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Crypto analyst Tony Severino has revealed that the Bitcoin price surge could end as early as January 2025. The analyst further predicted that BTC will fall below $150,000 when the rise ends next month.
Bitcoin price could top $150,000 by January 2025
In one X messageTony Severino confirmed his theory that the Bitcoin price could peak as early as January 20, 2025. He shared an accompanying chart showing that BTC follows a textbook example of a ‘complete’ market cycle. The chart showed that Bitcoin could fall below $150,000 if it hits the mark market at the top next month.
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The chart shows that Bitcoin price is in the final stages of the buoyancy wave of this market cycle. As soon as this motive wave is over, possibly as early as January 2025, the corrective wave will follow market cycle will start. This wave, which heralds the bear market, could last until mid-2027 and cause BTC to return to a low of $50,000.
Donald Trump’s pro-crypto moves may already be priced in
In a detailed blog postgave Tony Severino more insights on why the Bitcoin price could surpass so early. He noticed that Donald Trump’s victory the US presidential election is the story that has sparked a market-wide takeoff. Thanks to his pro-crypto stance, BTC broke out of a resistance level the night he was declared the winner and has since risen to $100,000.
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However, Severino noted that Trump’s pro-crypto world is the new paradigm this time. He acknowledged that market participants cannot imagine a world in which the Bitcoin price does not rise much higher, given that the newly elected president has promised a Strategic Bitcoin Reservewhich could cause a lot of FOMO among other nation states.
However, the crypto analyst asked market participants to take into account the fact that the Efficient Market Hypothesis says that the market is forward-looking and prices all information as it becomes available. Severino believes that BTC could have already discounted 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 comes to power. In other words, Donald Trump’s inauguration could mark the top for the Bitcoin price rise, and the corrective wave could begin once he comes to power.
The last two ‘new paradigm’ became cycle peaks
Tony Severino alluded to what had happened the last two times and the term “new paradigm” was used frequently. According to him, these events became the cyclical peaks for the Bitcoin price. First, he noted that when 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 wasn’t the case as it sparked a bear market instead. The same thing happened with Coin base going public, raising optimism that the Bitcoin price could easily soar to $100,000. However, that was not the case as that event marked the cyclical peak for the Bitcoin price increase.
At the time of writing, the Bitcoin price is trading around $99,200, down in the past 24 hours. facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
