Is The Bitcoin Top In? 75% Chance, Says Prominent Trader, But There’s A Caveat
Posted On January 8, 2025
Bitcoin’s sudden course reversal from $102,000 to $95,000 has kickstarted a discussion among cryptocurrency traders and analysts about whether the Bitcoin (CRYPTO: BTC) cycle top is in.
What Happened: Prominent crypto trader Ansem shared his outlook on the market cycle in a detailed post on X, expressing scepticism about continued unbridled growth.
Responding to another trader’s assertion of a 20-25% chance that the market cycle has topped, Ansem countered with a 75% probability.
He highlighted all-time high stock valuations and overly optimistic expectations regarding the economic impact of the new administration.
Ansem notes that Trump-era policies, …
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