Expert trader Tony Severino, who predicted it correctly Bitcoin’s tophas increased the possibility of a crash to $4,000. This is because BTC continues to struggle to break the key resistance levels, indicating that it is at risk of a deeper decline.
Expert Trader Boosts Potential Bitcoin Drop to $4,000
In one X messageTony Severino questioned the possibility that the next Bitcoin bull market will be a lower high followed by a lower low. His accompanying chart showed that BTC may be a Head and shoulders patternwhich could cause a crash to $4,000. That’s why he urged market participants to play the range and the bikes.
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When asked about a potential bottom for Bitcoin in this bear market, the expert trader said it is more speculative because the idea of a bottom can change over time. However, he noted that BTC is now bottoming out on shorter time frames and it could take a while longer on the longest time frames.
Severino also recently stated this that he expects a maximum decline of around 72% for Bitcoin in this cycle, implying a bottom around $34,000. Veteran trader Peter Brandt also predicted it that Bitcoin could drop to $40,000 before reaching a bottom. Notably, BTC is still struggling, indicating that the risk of a deeper decline remains despite the recent rebound to $70,000.
In one X messageOn-chain analytics platform Glassnode noted that profit-taking continues to absorb momentum at the $70,000 threshold. The platform added that this pattern is consistent with a low liquidity regime, in which even modest realization events are enough to suppress recovery efforts.
How BTC could fall to $30,000 in this bear market
Crypto analyst Willy Woo declared that Bitcoin only existed in a secular global macro bull market between 2009 and 2026. He warned that if the global macro collapses, the $30,000 level is the support level. The analyst highlighted $16,000 as the final line to hold BTC’s bull trend.
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However, Willy Woo believes that $45,000 would be a typical example bottom of the bear market for Bitcoin. He noted that this bearish sell-off appears to have been exhausted by investors, allowing the price to consolidate sideways for a month and possibly return to the mid-$70,000s. However, this level would likely be rejected.
The analyst explained that this is because the broader regime is heavily bearish, with both spot and futures liquidity deteriorating. Willy Woo predicts that the fourth quarter would be a good time for the end of the bearish trend and that the first or second quarter of 2027 would be a good time for a return of bullish momentum.
At the time of writing, the Bitcoin price is trading around $67,800, down in the past 24 hours. facts from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com