The bull market for the leading cryptocurrency “has yet to begin,” despite the price falling below $100,000. This was stated by Samson Mow, founder of JAN3.
SAMSON MOW: “The #Bitcoin bull run hasn’t started yet. We’re just marginally outperforming inflation at this price range.” pic.twitter.com/mcdqalUbik
— JAN3 (@JAN3com) November 5, 2025
According to him, the current rate “only slightly outpaces inflation.”
The analyst linked the decline in prices to tensions in US-China trade relations and other macroeconomic factors.
Mow suggested the possibility of a “Christmas divine candle”—a sharp price increase by the end of the year.
I am not uncertain.
— Samson Mow (@Excellion) November 6, 2025
Previously, he predicted a surge in Bitcoin to $1 million as a result of a “short and powerful upheaval.”
SAMSON MOW: “it’s not gonna be a gradual slow increase to $1 million a Bitcoin, but rather a very short and violent upheaval that sends us there in a matter of weeks to months.” pic.twitter.com/0NniNUe5ee
— Bitcoin Teddy (@Bitcoin_Teddy) November 5, 2025
Mow does not believe in the market cycle theory. According to him, if it were true, the peak would occur in 2026, not “now.”
Bitcoin has been basically flat for 2025. If you believe in cycles, then it hasn’t topped.
That means a longer cycle (cycle top in 2026?), or it means a generational bull run for a decade (like gold post ETF), or it means no more cycles again (Omegacycle).
Plan accordingly. https://t.co/PNqIrchWvI
— Samson Mow (@Excellion) November 5, 2025
Commenting on macro analyst Jordi Visser’s statement about asset sales by market “veterans,” Mow called these concerns exaggerated.
People are fearful because they created their own theory that OGs are selling above $0.1M, and they may sell more. It’s incredible how people are capable of self-owning themselves with fear.
Focus on the big picture. #Bitcoin is going to add a zero, it’s just a question of when.
— Samson Mow (@Excellion) November 3, 2025
“People are afraid because they created the theory of sales above $100,000. Bitcoin will add a zero to its price, it’s just a matter of time. I don’t know any ‘veteran’ who would sell,” he wrote.
This week, the Fear and Greed Index returned to the “moderate fear” zone.
However, JAN3 has its own indicator, which works in reverse. It shows “greed,” as the company believes “Bitcoin holders fear missing the chance to accumulate satoshis, not a price drop.”
The market’s crying. Bitcoiners? Still stacking. 💰
Fear and Greed Index sits at 23 which is the Extreme Greed area.
Because Bitcoiners fear missing sats, not #Bitcoin price drops. 📈 pic.twitter.com/lRLhe2liKI
— JAN3 Financial (@JAN3Financial) November 5, 2025
Earlier in November, Bitwise’s Chief Investment Officer Matt Hougan announced the start of a “quiet IPO” for Bitcoin.