The crypto market recently experienced a significant downturn, but some analysts believe this could be the prelude to a new bull market. Crypto trader Alex Becker stated in a recent video that there is a "very high chance this is the start of the bull market". Becker suggests that selling now "could be the stupidest thing you could ever do". Samson Mow, the founder of Jan3, echoed a similar sentiment, stating, "It's time for Bitcoin's next leg up".
This perspective comes after a notable market wipeout on Friday, where Bitcoin (BTC) plunged over 10% to $102,000 following the announcement of tariffs on China. The scale of liquidations, reaching $19.31 billion, surpassed previous downturns like the COVID-19 crash and the FTX collapse.
Becker argues that the market's sharp reaction was an "overreaction" that "just reset everything". He believes that traders had become impatient after a year of Bitcoin's rally while the rest of the crypto market lagged. He anticipates a change, with market makers actively influencing the market, leading to amplified reactions due to investor impatience.
According to Becker, the correction was driven by "all-time impatience" among investors. Bitcoin reached a high of $125,100 recently, but it still needs to reach the year-end targets predicted by analysts like Arthur Hayes and Joe Burnett.
The potential bull run in 2025 is supported by advancements in crypto infrastructure and growing investor confidence. A more robust ecosystem allows decentralized applications (dApps) to attract users interested in utility.
Bitcoin started 2025 with a milestone, surpassing $100,000 due to U.S. spot Bitcoin exchange-traded funds (ETFs) driving demand. Bitcoin ETFs accumulated 51,500 BTC in December 2024, which is almost three times the amount mined that month. This demand boosted Bitcoin's value, reaching an all-time high. This surge is attributed to the growing appetite for Bitcoin as an institutional-grade asset.
A bull market occurs when crypto prices rise at least 20%, often fueled by media hype and external events. Within a bull market, a bull run is when crypto prices increase rapidly due to strong investor optimism and increased buying activity.
Analysts suggest that the next crypto bull run is projected to have started around April 2024, potentially influenced by the Bitcoin halving, with Bitcoin possibly reaching $150,000. The bull run is expected to continue until at least March 2026, with the total crypto market cap ranging from 8 trillion to 14 trillion dollars.
