A closely followed analyst says the end of the crypto bull market is much closer than most traders believe.
In a new thread on the social media platform
“The emotional volatility in the “end stage” of Bitcoin and cryptocurrencies has increased dramatically, which only suggests that we are much closer to the end than the beginning of the cycle.
This may seem like an obvious statement now, but wait until the market approaches the final high. it won’t be as obvious, which is generally a signal in itself.”
In an accompanying video update, Pizzino says that in the past, when the market became excited and overconfident, stagnation tended to occur.
“I think a lot of people believe this cycle should run until the end of 2025, but what if a lot of that excitement comes back into the market?
Every time it goes up all I see is everyone getting very bullish and then taking a short break, correcting and then starting the next move. So I just keep an open mind.”
The trader’s diagram…
