Expert Trader Who Correctly Predicted Bitcoin Top | Crypto News
Expert trader Tony Severino, who accurately predicted Bitcoin’s top, has raised the likelihood of a crash to $4,000. This comes as BTC continues to battle to break key resistance ranges, signaling that it may very well be at risk of a deeper decline.
Expert Trader Raises Potential Bitcoin Drop To $4,000
In an X post, Tony Severino questioned the likelihood that the next Bitcoin bull market is a decrease high adopted by a decrease low. His accompanying chart confirmed BTC could also be forming a Head-and-Shoulder sample, which may spark a crash to $4,000. As such, he urged market members to play the vary and cycles.
When requested about a potential backside for Bitcoin in this bear market, the professional trader said it’s more speculative because the concept of a backside can change over time. However, he famous that BTC is bottoming now on shorter timeframes and that on the longest timeframes, it may still take a while.
Severino also just lately acknowledged that he expects a most drawdown of around 72% for Bitcoin in this cycle, implying a backside at around $34,000. Veteran trader Peter Brandt has also predicted that Bitcoin may drop to as low as $40,000 before it finds a backside. Notably, BTC continues to battle, suggesting it stays at risk of a deeper decline despite the current aid rally to $70,000.
In an X post, on-chain analytics platform Glassnode famous that profit-taking continues to soak up momentum at the $70,000 threshold. The platform added that this sample is constant with a thin-liquidity regime, in which even modest realization occasions are enough to suppress recovery makes an attempt.
How BTC Could Drop To $30,000 In This Bear Market
Crypto analyst Willy Woo acknowledged that Bitcoin has only ever existed in a secular global macro bull market between 2009 and 2026. He warned that if the global macro breaks down, then the $30,000 stage is the fallback stage of assist. The analyst highlighted $16,000 as the ultimate line to preserve BTC’s bull pattern.
However, Willy Woo believes $45,000 could be a typical bear-market backside for Bitcoin. He famous that this bearish sell-off by buyers seems to have been exhausted, which can enable the price to consolidate sideways for a month and probably rebound to the mid $70,000 vary. However, this stage would probably be rejected.
The analyst explained that this is because the broader regime is closely bearish, with both spot and futures liquidity deteriorating. Willy Woo predicts that This autumn could be a good time for the end of the bearish pattern and that Q1 or Q2 2027 could be an applicable time for bullish momentum to return.
At the time of writing, the Bitcoin price is trading at around $67,800, down in the last 24 hours, according to data from CoinMarketCap.
Stay up to date with the latest trending crypto news! Visit our web site daily for the freshest Crypto news and content, rigorously curated to keep you informed.