A $34k bitcoin price will dest-To The Moon - Tiger Brokers Online Investing Community - To The Moon

A $34k bitcoin price will destroy the entire Cryptocurrency industry. Every sector from mining to Cryptocurrency treasury holding companies, will see their investments wiped out. Perhap this is the reason why many miners have been swity their dependance away from crypto mininh to supporting AI push. These guys must be feeling the same thing.

Expert Trader Who Called $126K Bitcoin Peak Makes Official Bottom Call

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Ad Disclosure\n\nTony Severino, a Chartered Market Technician and Bitcoin trader, was among the rare few analysts ...</p>\n\n<a href=\"https://bitcoinist.com/trader-bitcoin-top-bear-market-official-bottom/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://bitcoinist.com/wp-content/uploads/2026/02/cc4b94ac-815d-4d4a-b08a-4e1b560bb661.png?resize=350%2C250","relate_stocks":{"BITX":"2倍比特币期货ETF-Volatility Shares","BITO":"比特币期货ETF-ProShares","BTC":"Grayscale Bitcoin Mini Trust"},"source_url":"https://bitcoinist.com/trader-bitcoin-top-bear-market-official-bottom/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2613824057","content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nTony Severino, a Chartered Market Technician and Bitcoin trader, was among the rare few analysts who accurately pinpointed the peak in Bitcoin both in terms of timing and at what price.\nIn a recent X Space, Severino shared his official target for the bear market bottom in BTCUSD. The target includes at what price level the top cryptocurrency is expected to reach, when it will happen, and what the total percentage drawdown will be before it is “all said and done.”\n\n\n\n\n\n\nTony Severino, CMT Calls For $34,000 Bitcoin In October 2026\nIn this week’s Market Talk X Space hosted by Wolf Bitcoin and Wolf Financial, recurring featured guest and panelist Tony Severino revealed his “official” bottom call for BTC.\nSeverino, who is a highly-trained technical analyst focusing on cycles, patterns, and psychology, expects the bear market to end later this year around October 2026. Perhaps more importantly, the price prediction aspect is the result of what Severino expects to be a roughly -72% max drawdown. This figure takes BTCUSD to around $34,000 per coin.\nWhile several technical levels exist as to why this zone could be reached, such as this level being the 0.618 Fibonacci retracement, the Chartered Market Technician points to a statistical formula.\n\n\n\n\n\n\n\n\n\n\n\n\nRelated Reading | Thinking Of Buying The Bitcoin Dip? Here’s What This Metric Says\nThe first ever bear market drawdown resulted in a -94% decline. Next, in 2014, BTCUSD fell by -86%. 2018’s bear market ended after reaching a full -84% max drawdown. Meanwhile, the last bear market set Bitcoin back -78% and ended with the FTX collapse.\n\n\n\n\n\n\n\n\n\n\n\n\nThe next average in the linear decay sequence would suggest a max drawdown of between -72 and -74%. Severino’s target is on the more conservative end. Linear decay essentially accounts for the diminished volatility in the cryptocurrency market, while maintaining a realistic average.\nTony Severino CMT calls for BTCUSD to bottom according to this chart\nWhy The Price Prediction Matters – A Transparent Track Record\nWhy does Tony Severino’s targets matter? Severino called for an initial top in Bitcoin in early 2025 around Trump’s inauguration. This was the precise top when comparing BTC against Gold, and was when the bear market started in the BTCUSD trading pair.\nRelated Reading | Convicted FTX Founder Sam Bankman-Fried Breaks Silence On ‘10 Myths’\nTony even suggested Bitcoin would bounce in April 2025 based on a TD buy setup on the weekly chart, then warned Bitcoin was topping out once again when it reached $126K in late October.\n\nClosed my remaining short for now and just hedged long with a tiny position\nIt’s yet another new record for me https://t.co/aduKoBc9T7 pic.twitter.com/EDq0riNAKE\n— Tony Severino, CMT (@TonySeverinoCMT) February 5, 2026\nThe skilled trader has recently gained notoriety, sharing a number of high ROI short positions up to 13,000% (using leverage). Tony is also a mentor on Slice App, where he currently has the “best ROI” on the entire platform following a public trade on Silver that gained over 183% (without leverage). Slice App forces transparency and accountability by not allowing mentors to delete or edit posts or trade setups. All of Tony’s trades are public and proven – making his recent bottom call that much more credible and worth considering.\nYou can find Tony Severino on Slice App.\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. 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