A closely watched analyst says the end of the crypto bull market is much closer than most traders realize.
In a new thread on the social media platform X, Jason Pizzino tells His 123,400 followers say investor sentiment indicates traders are now closer to the end of the bull market than the beginning.
“Bitcoin and crypto’s late-stage emotional volatility has increased dramatically, which only suggests that we are much closer to the end than the beginning of the cycle.
That may seem like an obvious statement now, but wait until the market gets closer to the final top; it won’t be as obvious, which is usually a signal in itself.
In an accompanying video update, Pizzino say Historically, stagnation usually follows when the market becomes excited and overconfident.
“I think a lot of people believe this cycle should last until the end of 2025, but what if we see a lot of that excitement come back into the market?
Every time it goes up, all I see is everyone getting super bullish, then it pauses for a bit, corrects, and then we start the next move. So I’ll just keep an open mind.”
The trader’s chart uses Bitcoin (BTC) as an example. According to Pizzino, the top cryptocurrency, as measured by market capitalization, could trade sideways until October 2025.
‘Look somewhere [between] From the second quarter to the third quarter, just the beginning of the fourth quarter… Most people can’t handle six to ten months.
They were talking about a month long decline and yesterday they were all panicking, it’s absolutely crazy out there, and that’s why I think we’re in those final steps, basically the end of the cycle.
BTC is trading at $98,900 at the time of writing, up marginally on the day.
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Generated image: Midjourney