Bitcoin (BTC) is showing technical warning signs that have caught the attention of market observers, with one analyst now predicting a dramatic price drop in the world’s largest cryptocurrency. The analyst noted that a Bitcoin candlestick pattern that previously preceded a devastating crash below $20,000 has reappeared on the weekly chart, reviving fears that history is repeating itself. If so, it could completely rewrite the story of this entire market cycle.
Historical conditions indicate a potential crash of Bitcoin to $19,000
Market analyst Tony Severino has done that issued a grim warning to Bitcoin investors and holders, sharing a technical analysis on current price action and a previous cycle crash. The analyst has predicted that Bitcoin could fall to a low of $19,000 this bear market.
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The chart shared by Severino juxtaposes two weekly Bitcoin candlestick patterns, revealing a nearly identical structural setup between the current market cycle and a previous bear phase. The left panel shows Bitcoin’s recent trajectory from late 2025 to early 2026, while the right panel shows a historical period where prices eventually fell below $20,000.
Severino expressed surprise at the chart patterns, noting that it was “absolutely wild” how similar the candlestick structures are between the two periods. He added that even the technical indicators are “almost exactly the same.”
Both map panels feature a prominent rectangular consolidation zone, followed by a rebound area highlighted in pink. The visual symmetry between the two timeframes supports the analyst’s bearish thesis, suggesting that the current recovery around the pink zone could be short-lived, followed by a potential crash below $19,000 if historical trends repeat.
Notably, the analyst’s bearish forecast drew skepticism from some members of the crypto community. One member argued that a decline to such levels would not simply represent a routine cycle correction, but the largest retracement in Bitcoin history. Severino, however, remained resolute in his analysis and prediction. to report that a 74% correction was entirely possible and even normal within Bitcoin’s historical framework. He didn’t back down and once again urged the market to do the same still have a significant disadvantage to navigate before a meaningful bottom is reached.
Update on BTC price action
The The Bitcoin price has recovered again versus the previous level and traded back above $70,000. Last week, the cryptocurrency crashed to a low of $63,000 amid significant volatility shifts in market sentiment.
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However, CoinMarketCap data shows that Bitcoin is up over 4.8% in the past 24 hours, with daily trading volume up over 23.4%. The sudden price increase is attributed to ongoing inflows into Spot Bitcoin ETFs and reducing geopolitical tensions in the Middle East.
Featured image from Pixabay, chart from Tradingview.com