According to Mark Yusko, CEO and founder of investment advisory firm Morgan Creek Capital, crypto could enter a bear market phase by mid-2025.‘The $150K range is certainly possible. It’s a 50% premium above fair value. We’ll likely get there and, unfortunately, enter a bear market.”. Interestingly, other analysts predicted a $1M per BTC if the US BTC reserve goes through. But Yusko was skeptical about the high price target.
The current reading of 3 mirrored 2020 December patterns. In the last cycle, the metric topped at 7 and 4 . Another accurate top signal, Pi Cycle Top, which is based on a cross between two long-term moving averages, had a wide gap as of this writing. This suggested more room for growth before a likely top.But the absolute 2025 market top timeline and bear phase intensity remain to be seen. One thing is for sure, though—per on-chain metrics, there was still room for BTC to grow.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends.