“ubi est qui natus est rex Iudaeorum? vidimus enim stellam eius in oriente, et venimus adorare eum.” (Matthew 2: 2)
The Star of Bethlehem was either a Type Ia supernova or a Type Ic hypernova, argues F.J. Tipler of the Department of Mathematics and Department of Physics, Tulane University. It was located in or near the Andromeda Galaxy. 
Premises are that the Star of Bethlehem was exactly that, a star, and that it went through its zenith at Bethlehem. The Star of Bethlehem “was there, in the sky, directly above the Magi, at the time of their visit to the baby Jesus.” 
Because Matthew 2:9 plainly says, “the star, which they saw in the east, went before them, till it came and stood over where the young child was”, the Star of Bethlehem must have passed through the zenith at Bethlehem. 
The Magi, a.k.a. the three wise men, were astronomers of their time. (In those days, astronomy and astrology were closely connected, not divorced from each other as now.) The Star of Bethlehem was a crisis in cosmology. King Herod favored the old theory. The Magi surmised the star portended something new.
An earlier crisis in cosmology had happened in Egypt, during the reign of Akhenaten, a.k.a. Amenhotep IV. A monotheistic, heliocentric “god” was honored by a magnificent city, Akhet-Aten. But the priests (scientists) of Amun favored a different cosmology and the Akhenaten cosmology was overthrown. (Background: Crisis in Cosmology (Part 4), Ersjdamoo’s Blog entry of December 24, 2013.)
Tipler (op. cit.) identifies the year 5 B.C. with the Star of Bethlehem. In that time frame, Andromeda appears in the eastern sky only in the late winter and early spring months. Tipler relies on “we have seen his star in the east” (Matthew 2: 2) as meaning the astronomers had been looking at the eastern sky. However “we have seen his star in the east” could mean the location of the astronomers themselves when they first saw the supernova, i.e., they were in the east when they saw the star.
From where had the Magi journeyed? Tipler (op. cit.) notices that in “the centuries prior to Jesus’ birth, the central observatory of the ancient world was the Babylon observatory, and indeed a Persian map has Babylon as the zero of longitude.” From this he plausibly surmises the travelling astronomers had journeyed from Babylon. However the Magi may also have been from what is now Syria. Aram, or Syria, was called the “land of the sons of the east.” By the Syrians or “sons of the east,” wrote Emanuel Swedenborg, “were signified those who were in the knowledges of good and truth, they were preeminently called the ‘wise’ as in the first book of Kings…” (1 Kings 4: 30) “…and as in Matthew, where it is said of those who came to Jesus when he was born: ‘Wise men from the east came to Jerusalem…’” (Arcana Coelestia, n. 3249) (Further background: Syria, Land of the Magi, Ersjdamoo’s Blog entry of February 9, 2012.)
Consequent to the crisis in cosmology in Egypt, Akhenaten and his cosmology was overthrown by the Amun priesthood. During its brief 15-year existence, Akhet-Aten had been the greatest imperial city in the world. Because it was a cosmopolitan city with people of all languages living there, a new hybrid language developed. This hybrid language was the beginning of the Hebrew tongue. Ay, the “forgotten Pharaoh”, who reigned after Akhenaten, razed the city of Akhet-Aten. But Ay promised the people of the lost city that they could dwell in Canaan, a buffer zone between Egypt and her enemies. 
As for the cosmological event of the Star of Bethlehem and the birth of Jesus, there are several interpretations:
- The Essenes, inheritors of the Chaldean rites, accepted into their school the disciple Jesus after he had already received a high initiation into the true Mysteries of Egypt;
- The Talmud calls Jesus a sorcerer. In The Book of Legends (Legends From the Talmud and Midrash), in a section on “Heretics” from Part IV, Chapter One, it says, “When King Yannai rose up against the sages to put them to death,” Rabbi Joshua ben Perahiah and Jesus fled to Alexandria, in Egypt. The duo later brought out secrets of sorcery from Egypt by incising them in their flesh;
- Controversial 19th-century author H.P. Blavatsky wrote that “A virgin named Mariam, betrothed to a young man of the name of Iohanan, was outraged by another man named Ben Panther or Joseph Panther, says ‘Sepher Toldos Jeshu’.”
(Further details on the above and more are in my book, Melchizedek Communique, published by Lulu.com)
I myself believe that Jesus was a “special case”, more than a great prophet, and that the Almighty did indeed once walk the Earth.
——- Sources ——-
 “The Star of Bethlehem: a Type Ia/Ic Supernova in the Andromeda Galaxy”, by F.J. Tipler, Department of Mathematics and Department of Physics, Tulane University. March 20, 2005. http://184.108.40.206/~tipler/starofbethlehem.pdf
 Melchizedek Communique, by Brian Redman. 2010. Published by Lulu.com