When Will This Crypto Bull Run End?
Astronomer emphasizes that traditional order flow and price action analysis are less effective on higher time frames, leading him to seek “edge elsewhere” through multiple data analyses. “We had our thesis in place, with multiple data analyses supporting not only that the low is in, but also that we likely would see a high timeframe breakout,” he explains.Delving into Bitcoin’s macro perspective, Astronomer uses a combination of time, sentiment, and volume to identify weekly cycle lows. “The Middle East capitulation event [Israel-Iran tensions] clearly formed that, timed well 28 weeks after the previous weekly cycle low,” he observes. With the next weekly low not expected until late December, he sees “still room for upside” and anticipates that “price [will] accelerate here.”
Addressing market psychology, he cautions, “The market always finds a way to escape on the low timeframes as most traders (‘investors’) find themselves trapped into short term memory fallacy and simply forget the high timeframe picture.” Astronomer remains confident in his projection, stating, “Overall peak is still expected in the second half of 2025, where I think the true time to ‘sell it all’ may occur.”For Ethereum, Astronomer notes a similar but compressed cyclical pattern compared to Bitcoin. “ETH typically drops later near the 4-year cycle peaks (2014, 2018, 2022) and has its surge also later in the 4-year cycle (2016, 2020), making its moves seem more aggressive,” he explained.
While maintaining a bullish outlook, Astronomer acknowledges the possibility of unforeseen events that could disrupt the market. “Despite all the data, there still always is a small chance I’m wrong,” he admitted. Citing potential global crises like “World War 3 (WW3)” or “the end of a nation,” he warns that such events “can always pull down the market significantly,” potentially causing Bitcoin to drop “back below $50k.”
However, he remains steadfast in his strategy: “Cycles are powerful in nature, and we’ve shown why those events shouldn’t faze you. I will indeed hold on in that case, hedged with large shorts well timed and just continue to ride out the cycle as I do think price will recover from there.”