Tony Severino, a Chartered 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 Area, Severino shared his official goal for the bear market backside in BTCUSD. The goal consists of at what value stage the highest cryptocurrency is anticipated to succeed in, when it would occur, and what the full proportion drawdown can be earlier than it’s “all mentioned and finished.”
Tony Severino, CMT Calls For $34,000 Bitcoin In October 2026
On this week’s Market Speak X Area hosted by Wolf Bitcoin and Wolf Monetary, 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. Maybe extra importantly, the worth prediction facet is the results of what Severino expects to be a roughly -72% max drawdown. This determine takes BTCUSD to round $34,000 per coin.
Whereas a number of technical ranges exist as to why this zone may very well be reached, similar to this stage being the 0.618 Fibonacci retracement, the Chartered Market Technician factors to a statistical system.
Associated Studying | Pondering Of Shopping for The Bitcoin Dip? Right here’s What This Metric Says
The primary ever bear market drawdown resulted in a -94% decline. Subsequent, in 2014, BTCUSD fell by -86%. 2018’s bear market ended after reaching a full -84% max drawdown. In the meantime, the final bear market set Bitcoin again -78% and ended with the FTX collapse.
The following common within the linear decay sequence would recommend 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 Value Prediction Issues – A Clear Monitor File
Why does Tony Severino’s targets matter? Severino referred to as for an preliminary prime in Bitcoin in early 2025 round 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.
Associated Studying | Convicted FTX Founder Sam Bankman-Fried Breaks Silence On ‘10 Myths’
Tony even advised Bitcoin would bounce in April 2025 based mostly 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.
Closed my remaining quick for now and simply hedged lengthy with a tiny place
It’s yet one more new file for me pic.twitter.com/EDq0riNAKE
— Tony Severino, CMT (@TonySeverinoCMT) February 5, 2026
The expert dealer has just lately gained notoriety, sharing quite a few excessive ROI quick positions as much as 13,000% (utilizing leverage). Tony can also be a mentor on Slice App, the place he at the moment has the “finest ROI” on the 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 price contemplating.
You’ll find Tony Severino on Slice App.
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our crew of prime expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
