According to him, 2024 should not be viewed as the beginning of a new bull run; instead, it was a period of what he calls \u201cpolitical repricing\u201d as the market factored in a pro-crypto administration with President Donald Trump\u2019s reelection.\u00a0<\/p>\n
The characteristics of a bear market have been evident in 2025, according to Anslem. Bitcoin\u2019s dominance has reached multi-year highs while altcoins continue to struggle, leading to quarter-after-quarter declines in their values.\u00a0<\/p>\n
Additionally, a massive $3.5 billion in exchange-traded fund (ETF) outflows occurred within just one month. This year saw a significant 29% drawdown from its October highs, paired with extreme fear readings on various sentiment indices.<\/p>\n
Anslem insists that while the four-year Halving cycle remains relevant, its impact has evolved. With $120 billion in ETF interconnected with the Federal Reserve’s (Fed) liquidity, the Halving continues to dictate BTC\u2019s supply, but demand now aligns with broader economic narratives rather than the more crypto-specific factors.<\/p>\n
Major Bitcoin Rally Ahead?\u00a0<\/h2>\n
What does Anslem\u2019s \u201ccycle inversion\u201d theory implies for 2026? If the bear market has already transpired, masked by nominal highs, the next logical phase might be a genuine blow-off top.\u00a0<\/p>\n
His predictions suggest Bitcoin’s price could soar to between $150,000 and $200,000, particularly as global liquidity continues to expand and directs capital toward hard assets. Anslem believes that many in the market are currently positioned for a downturn that has already occurred.<\/p>\n