Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin 

BTC

$20,761

 is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target. 

To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final wave of a bull trend that started at the beginning of 2019 and that should see its top at some point next year.

“When this five-wave move completes, then I’m expecting a bear market,” he said.

Citing research by behavioral finance expert Jason Goepfert, Rastani predicted that the next Bitcoin bear market may coincide with a broader downtrend in traditional markets, which could come “in the next couple of years.” Rastani pointed out that Bitcoin would be negatively affected by a stock market correction, given that both stocks and BTC are risk-on assets.