- Mark Yusko predicted a likely bear phase in mid-2025 after BTC taps $150K.
- On-chain metrics showed extra room for growth for BTC.
According to Mark Yusko, CEO and founder of investment advisory firm Morgan Creek Capital, crypto could enter a bear market phase by mid-2025.
In a recent interview with Cointelegraph, Yusko stated,
“We have another bear market starting mid-2025, and we enter crypto winter again”
Yusko expected the market to top when Bitcoin [BTC] hits $150K and then plunge, citing historical trends associated with parabolic rallies. He added,
‘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.”
Yusko believed a US BTC national reserve could accelerate the $150K target. Interestingly, other analysts predicted a $1M per BTC if the US BTC reserve goes through. But Yusko was skeptical about the high price target.
BTC cycle status
Market top calls have increased since BTC cleared the $100K milestone. Some projected March 2025, while others eyed Q3-Q4 2025 as a likely tipping point for BTC.
Yusko’s mid-2025 target is the latest bear call timeline. But do on-chain metrics paint the same picture?
Source: Glassnode
One of the top indicators, the MVRV-Z score, showed enough headroom for BTC growth before topping. The valuation metric correctly marked the last cycle tops when it crossed 7 (upper band).
The current reading of 3 mirrored 2020 December patterns. In the last cycle, the metric t
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Author: Benjamin Njiri
