BEARISH 📉 : Trader Tony Severino warns Bitcoin could crash to $4,000

Expert trader Tony Severino suggests a potential crash of Bitcoin to $4,000 due to its struggle with key resistance levels and a possible Head-and-Shoulder pattern. This may indicate deeper declines.

Severino speculates a maximum drawdown of 72%, implying a bottom around $34,000.
Veteran trader Peter Brandt predicts a potential drop to $40,000 before stabilizing.
Despite a relief rally to $70,000, BTC faces absorption of momentum at this threshold, as noted by Glassnode, indicating a thin-liquidity regime.

Crypto analyst Willy Woo highlights the significance of global macro trends on Bitcoin's performance:

If global macro declines, $30,000 could be a fallback support level.
$16,000 is identified as the critical level to maintain BTC’s bull trend.
Typical bear-market bottom is expected around $45,000, with potential sideways consolidation and a rebound to the mid $70,000 range, likely followed by rejection.
Q4 might signal the end of bearish trends, with bullish momentum potentially returning in Q1 or Q2 2027.

Currently, Bitcoin trades around $67,800, having declined in the past 24 hours.