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 worth.
In a latest X House, Severino shared his official goal for the bear market backside in BTCUSD. The goal contains at what worth degree the highest cryptocurrency is predicted to succeed in, when it’s going to occur, and what the full share drawdown might be earlier than it’s “all stated and performed.”
Tony Severino, CMT Calls For $34,000 Bitcoin In October 2026
On this week’s Market Speak X House 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 12 months round October 2026. Maybe extra importantly, the worth 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.
Whereas a number of technical ranges exist as to why this zone could possibly be reached, resembling this degree being the 0.618 Fibonacci retracement, the Chartered Market Technician factors to a statistical components.
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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 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 practical common.
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Why does Tony Severino’s targets matter? Severino known as for an preliminary high in Bitcoin in early 2025 round Trump’s inauguration. This was the exact high when evaluating BTC towards Gold, and was when the bear market began within the BTCUSD buying and selling pair.
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Tony even steered 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 one more new report for me https://t.co/aduKoBc9T7 pic.twitter.com/EDq0riNAKE
— Tony Severino, CMT (@TonySeverinoCMT) February 5, 2026
The expert dealer has just lately gained notoriety, sharing various 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 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 latest backside name that rather more credible and price contemplating.
You will discover Tony Severino on Slice App.
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