A closely followed analyst says the end of the crypto bull market is much closer than most traders think.
In a new thread on social media platform X, Jason Pizzino tells his 123,400 followers that investor sentiment indicates traders are now closer to the end of the bull market than the beginning.
“The ‘endgame’ emotional volatility of Bitcoin and crypto has increased significantly, which only suggests that we are much closer to the end than the beginning of the cycle.
This may seem obvious now, but wait until the market gets closer to the final high; it won’t be so obvious, which is usually a signal in itself.
In an accompanying video update, Pizzino explains that, historically, when the market becomes excited and overconfident, stagnation tends to follow.
“I think a lot of people think this cycle should last until the end of 2025, but what would happen if we saw a lot of that enthusiasm return to the market?
Every time the price goes up, all I see is everyone gets very bullish, then it stops for a bit, corrects itself, and then we move on to the next move. So I just keep an open mind.
The trader’s chart uses Bitcoin (BTC) as an example. According to Pizzino, the leading crypto asset by market capitalization could correct or trade sideways until October 2025.
“If you look somewhere (between) the second and third trimester, just the beginning of the fourth trimester… Most people can’t handle six to 10 months.
They talked about a one month drop and they all freaked out yesterday, it’s absolutely crazy out there, that’s why I think we’re in these last moves, basically the end of the cycle.
BTC is trading at $98,900 at the time of writing, a marginal increase on the day.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
