Crypto analyst Tony Severino predicts that the Bitcoin bull run could end by January 2025, with the price topping below $150,000. He believes that the market has already priced in the pro-crypto stance of US President-elect Donald Trump, who has promised to create a Strategic Bitcoin Reserve. Severino suggests that Trump’s inauguration could mark the peak of the Bitcoin price bull run, followed by a bear market that could last until mid-2027 and see Bitcoin’s value drop to as low as $50,000. He also notes that previous events seen as new paradigms, such as the launch of CME Futures and Coinbase going public, ended up marking cyclical peaks for Bitcoin.