Expert trader Tony Severino who predicted correctly Bitcoin peakincreased the risk of an accident to $4,000. This comes as BTC continues to struggle to break key resistance levels, signaling that it may be at risk of a deeper decline.
Expert Trader raises Bitcoin’s potential drop to $4,000
In Post XTony Severino questioned the possibility that Bitcoin’s next bull market will be a lower high followed by a lower low. The attached chart showed that BTC can create Head and shoulders patternwhich could cause it to plummet to $4,000. As such, he urged market participants to play with ranges and cycles.
When asked about a potential bottom for Bitcoin in the case of a bear market, a trading expert said it is more speculative in nature because the concept of a bottom can change over time. However, he noted that BTC is currently bottoming out on shorter time frames, and for the longest time frames it may still take some time.
Severino also recently stated that he expects Bitcoin’s maximum decline this cycle to be around 72%, which would mean a low of around $34,000. Experienced trader Peter Brandt also predicted this that Bitcoin could fall as low as $40,000 before it hits bottom. It’s worth noting that BTC continues to struggle, suggesting it remains at risk of a deeper decline despite the recent support augment to $70,000.
In Post Xonline analytics platform Glassnode noted that profit-taking continues to gain momentum at the $70,000 threshold. The platform added that this pattern is consistent with a low liquidity regime, where even modest execution events are enough to dampen attempts at economic recovery.
How BTC Could Fall to $30,000 in a Bear Market
Cryptocurrency analyst Willy Woo stated that Bitcoin ever existed in the secular global macro bull market of 2009–2026. He warned that if the global macro collapses, then the $30,000 level would be the back-up support level. The analyst emphasized that the final limit to be maintained is $16,000 BTC bull trend.
However, Willy Woo believes that $45,000 would be typical bear bottom for Bitcoin. He noted that this bearish sell-off by investors appears to have exhausted itself, which could allow the price to consolidate sideways for a month and possibly rebound to the mid-$70,000 range. However, this level would likely be rejected.
The analyst explained that this is because the broader regime is highly bearish as liquidity in both spot and futures contracts deteriorates. Willy Woo predicts that the fourth quarter will be a good moment to end the downward trend, and the first or second quarter of 2027 will be a good moment for the return of the upward momentum.
At the time of writing, Bitcoin is trading at around $67,800, down over the last 24 hours, according to data from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
