Expert Trader Who Correctly Predicted Bitcoin Top Just Shared A Chart Pointing Below $4,000

Expert trader Tony Severino, who correctly predicted Bitcoin's previous top, suggests BTC could crash to $4,000 based on a potential Head-and-Shoulders pattern. Multiple analysts predict significant downside with targets ranging from $30,000 to $45,000, citing thin liquidity and continued profit-taking at $70,000 resistance.

• →Tony Severino predicts Bitcoin could drop to $4,000 based on a Head-and-Shoulders technical pattern formation.
• →Multiple veteran traders suggest maximum drawdowns of 72% with bottoms between $30,000-$45,000 in this cycle.
• →Profit-taking continues at the $70,000 threshold with thin liquidity suppressing recovery attempts.
• →Analyst Willy Woo warns $30,000 support could break if global macro conditions deteriorate significantly.
• →Bearish sentiment may persist through Q4 2024 with bullish momentum not returning until Q1-Q2 2027.