Key Points
- Mark Yusko predicts a bear market phase for crypto by mid-2025, after Bitcoin hits $150K.
- On-chain metrics indicate there is still room for Bitcoin’s growth.
Mark Yusko, CEO and founder of Morgan Creek Capital, has speculated that the cryptocurrency market could go into a bear phase by mid-2025.
In an interview with Cointelegraph, Yusko suggested that the market might peak when Bitcoin (BTC) reaches $150K, then decline, based on historical trends linked to parabolic rallies.
Bitcoin’s Cycle Status and Predictions
Yusko’s mid-2025 target aligns with increased market top predictions since Bitcoin crossed the $100K mark. Some analysts foresee a tipping point for Bitcoin in March 2025, while others predict Q3-Q4 2025.
On-chain metrics, however, suggest a different outlook. The MVRV-Z score, a top indicator, indicates there is still room for Bitcoin to grow before it reaches its peak.
Historically, a Bitcoin peak and subsequent bear market phase have always started the year following the halving.
Room for Growth
While some analysts believe Bitcoin might not go through a severe bear phase like in previous cycles due to increased institutional participation, the exact timeline for the 2025 market top and intensity of the bear phase is yet to be determined.
However, on-chain metrics suggest that there is still potential for Bitcoin to grow.
