An analyst closely followed by traders predicts that the crypto bull market is nearing its end sooner than expected.
Jason Pizzino, with 123,400 followers on X, shares in a new thread that the current investor sentiment suggests the bull market is closer to its conclusion than its beginning.
“The emotional volatility in Bitcoin and crypto at this stage has significantly increased, indicating that we are nearing the end rather than the start of the cycle. This may seem obvious now, but as we approach the final peak, it will become less clear, which is a signal in itself.”
In a video update, Pizzino mentions that historically, when the market becomes overly enthusiastic and confident, it tends to stagnate.
“Many believe this cycle will continue until the end of 2025, but what if the excitement is already reemerging in the market? Every time there is a surge, everyone becomes extremely bullish, then there is a pause, correction, and the cycle repeats. I am keeping an open mind.”
Pizzino’s analysis focuses on Bitcoin (BTC), suggesting that the top cryptocurrency by market cap might correct or trade sideways until October 2025.
“Looking at somewhere between Q2 to Q3, even the beginning of Q4… Most people cannot handle six to ten months. The panic over a one-month drop yesterday was insane, indicating that we are in the final stages of the cycle.”
At the time of writing, BTC is trading at $98,900, showing a slight increase for the day.
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