Tony Severino, a Chartered Market Technician and Bitcoin trader, was one of the few analysts to accurately pinpoint the spike in Bitcoin, both in terms of timing and at what price.
In a recent X Space, Severino shared his official target for the bear market bottom in BTCUSD. The goal includes what price level the top cryptocurrency is expected to reach, when this will happen, and what the total percentage of withdrawal will be before it’s “all said and done.”
Tony Severino, CMT Calls for $34,000 Bitcoin by October 2026
In this week Market Talk X Space hosted by Wolf Bitcoin and Wolf Financial, recurring guest and panelist Tony Severino revealed its “official” bottom call for BTC.
Severino, a highly trained technical analyst who focuses on cycles, patterns and psychology, expects the bear market to end later this year around October 2026. Perhaps more importantly, the price forecast aspect is the result of what Severino expects to be a maximum decline of around -72%. This figure brings BTCUSD to approximately $34,000 per coin.
While there are several technical levels as to why this zone could be reached, such as the 0.618 Fibonacci retracement, the Chartered Market Technician refers to a statistical formula.
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The very first bear market decline resulted in a -94% decline. Then in 2014, BTCUSD fell -86%. The 2018 bear market ended after reaching a maximum drawdown of -84%. Meanwhile, the last bear market saw Bitcoin fall -78% and ended with the collapse of the FTX.
The next average in the linear decay series would suggest a maximum decline between -72 and -74%. Severino’s target is on the more conservative side. Linear decay is essentially responsible for the reduced volatility in the cryptocurrency market while maintaining a realistic average.
Why price forecasting is important: a transparent track record
Why are Tony Severino’s goals important? Severino called for a first Bitcoin summit in early 2025 around Trump’s inauguration. This was right at the top when comparing BTC to gold, and was when the bear market started in the BTCUSD trading pair.
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Tony even suggested that Bitcoin would bounce in April 2025 based on a TD buy setup on the weekly chart, then warned that Bitcoin topped out again when it reached $126,000 in late October.
I have closed my remaining shorts for the time being and simply hedged long with a small position
It’s another new record for me https://t.co/aduKoBc9T7 pic.twitter.com/EDq0riNAKE
— Tony Severino, CMT (@TonySeverinoCMT) February 5, 2026
The experienced trader has recently gained fame by sharing a number of short positions with high ROI of up to 13,000% (using leverage). Tony is also a mentor at the Slice App, where it currently has the “best ROI” across the platform after a public silver trade that gained over 183% (without leverage). Slice app enforces transparency and accountability by not allowing mentors to delete or edit posts or trade settings. All of Tony’s trades are public and proven – making his recent bottom call much more credible and worth considering.
That’s possible find Tony Severino in the Slice app.
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