Expert Trader Who Called $126K Bitcoin Peak Makes Official Bottom Call
Tony Severino, a Charted Market Technician and Bitcoin dealer, was among the many uncommon few analysts who precisely pinpointed the height in Bitcoin each by way of timing and at what value.
In a current X Space, Severino shared his official goal for the bear market backside in BTCUSD. The goal contains at what value stage the highest cryptocurrency is predicted to achieve, when it would occur, and what the entire proportion drawdown will likely be earlier than it’s “all stated and achieved.”
Tony Severino, CMT Calls For $34,000 Bitcoin In October 2026
In this week’s Market Talk X Space hosted by Wolf Bitcoin and Wolf Financial, recurring featured visitor and panelist Tony Severino revealed his “official” backside name for BTC.
Severino, who’s a highly-trained technical analyst specializing in cycles, patterns, and psychology, expects the bear market to finish later this yr round October 2026. Perhaps extra importantly, the value prediction side is the results of what Severino expects to be a roughly -72% max drawdown. This determine takes BTCUSD to round $34,000 per coin.
While a number of technical ranges exist as to why this zone may very well be reached, akin to this stage being the 0.618 Fibonacci retracement, the Charted Market Technician factors to a statistical method.
Related Reading | Thinking Of Buying The Bitcoin Dip? Here’s What This Metric Says
The first ever bear market drawdown resulted in a -94% decline. Next, in 2014, BTCUSD fell by -86%. 2018’s bear market ended after reaching a full -84% max drawdown. Meanwhile, the final bear market set Bitcoin again -78% and ended with the FTX collapse.
The subsequent common within the linear decay sequence would counsel a max drawdown of between -72 and -74%. Severino’s goal is on the extra conservative finish. Linear decay basically accounts for the diminished volatility within the cryptocurrency market, whereas sustaining a sensible common.
Why The Price Prediction Matters – A Transparent Track Record
Why does Tony Severino’s targets matter? Severino called for an initial top in Bitcoin in early 2025 around Trump’s inauguration. This was the exact prime when evaluating BTC towards Gold, and was when the bear market began within the BTCUSD buying and selling pair.
Related Reading | Convicted FTX Founder Sam Bankman-Fried Breaks Silence On ‘10 Myths’
Tony even urged Bitcoin would bounce in April 2025 primarily based on a TD purchase setup on the weekly chart, then warned Bitcoin was topping out as soon as once more when it reached $126K in late October.
https://x.com/TonySeverinoCMT/standing/2019512227372335495
The expert dealer has just lately gained notoriety, sharing a variety of high ROI brief positions as much as 13,000% (utilizing leverage). Tony can also be a mentor on Slice App, the place he currently has the “best ROI” on your complete platform following a public commerce on Silver that gained over 183% (with out leverage). Slice App forces transparency and accountability by not permitting mentors to delete or edit posts or commerce setups. All of Tony’s trades are public and confirmed – making his current backside name that rather more credible and value contemplating.
You can find Tony Severino on Slice App.