Analysts predict that Bitcoin will迎来最后一轮bull run, with the price reaching $30000.

Gate News bot message, a cryptocurrency analyst named “MrParaBULLic” on X (formerly Twitter) issued a stern warning, stating that the current Bitcoin bull run may be in the final stage of the first macro cycle of crypto assets. Although as of the time of writing, the trading price of Bitcoin is around $106,616, the analyst expects Bitcoin to soon reach its peak, followed by a bear market that could potentially cause a devastating blow, with prices possibly falling to $34,932.

The analyst used the Elliott Wave Theory to create a chart indicating that Bitcoin is completing the fifth and final micro wave in the classic five-wave impulse cycle. The latest surge, which has now surpassed six figures, seems to represent the fifth wave, which is usually the last push before a market reset.

(Source: X)

Although MrParaBULLic has not accurately marked the peak on his chart, he anticipates that Bitcoin will experience a short-term bull run, followed by a sharp reversal. This analyst emphasizes that this upward momentum, combined with active participation from institutional investors and a narrative-driven belief, has created what they call “the biggest frenzy trap in history.”

The market expert also refuted the view that Bitcoin may not be affected by deep corrections, emphasizing its structural cycles—previous bull runs, including those in 2013, 2017, and 2021, have all experienced significant falls of 80% to 90% from their respective peaks. According to analysis, the adoption by institutional investors has not offset this historical trend; in fact, it may have obscured greater risks.

On the chart, $88,115 is marked as a key support level. Once it falls below this level, it could trigger a series of liquidations and lead to a historic crash, falling towards $34,932 or even lower. If this break occurs, it would represent a 70% to 90% retracement in the Bitcoin price from the current level, similar to the significant declines seen after peaks in previous cycles.

In response to the curiosity of the Crypto Assets community about his bearish target of $30,000, ParaBULLic emphasized that market expectations often provide liquidity at important support levels. When these expectations are not met, the pullback accelerates, creating conditions for a true macro market reset.

His bold prediction about the upcoming Bear Market has caught the attention of the Crypto Assets community, with many members raising questions such as when Bitcoin’s price will peak and the cycle of this parabolic rise. MrParaBULLic stated that Bitcoin is expected to complete its bull run trajectory within five to eight months, after which the market structure will undergo a sharp transformation.

The market expert also stated that the final cycle peak of Bitcoin is still ahead, and he expects Bitcoin to rise strongly above the $200,000 mark before the Bear Market officially begins. This outlook also brings a bullish window for altcoins, with analysts predicting that altcoins could experience explosive growth within 6-12 months after Bitcoin peaks.

Source: Livebitcoinnews