Bitcoin (BTC) is showing technical warning signs that have caught the attention of market watchers and now an analyst predicting a sharp drop in price in the world’s largest cryptocurrency. The analyst noted that Bitcoin’s candlestick pattern, which preceded the devastating crash below $20,000, has reappeared on the weekly chart, rekindling fears that history could repeat itself. If so, it could completely rewrite the interpretation of this market cycle.
Historical setup points to a potential fall of Bitcoin to $19,000
Market analyst Tony Severino has issued A strong warning to investors and holders of Bitcoin, sharing technical analysis on X, which makes a striking comparison between current price action and the accident of the previous period. An analyst predicted that Bitcoin could fall to $19,000 this is a bear market.
Related reading
The chart shared by Severino places two weekly Bitcoin candlestick patterns side by side, showing an almost identical structural pattern between the current market cycle and the previous bear phase. The left panel shows Bitcoin’s recent trajectory from late 2025 to early 2026, while the right panel shows a historical period that eventually saw prices drop below $20,000.
Severino expressed his surprise at the chart patterns, noting that it was “absolutely wild” how similar the candlestick patterns were between the two periods. He added that even the technical indicators are “almost the same”.
Both panels of the chart are highlighted by a rectangular consolidation area followed by a pink reversal area. The visual symmetry between these two periods justifies the analyst’s bearish thesis and suggests that the current rebound in the pink zone may be short-lived, followed by a potential fall below $19,000 if historical trends repeat.
It is worth noting that the analyst’s bearish prediction raised doubts among some members of the crypto community. One member argued that a decline to such levels not only represents a normal cycle correction but the biggest return in Bitcoin history. But Severino was steadfast in his analysis and prediction. expressed that a 74% correction within Bitcoin’s historical range was entirely possible and even normal. He did not lose his temper, he insisted again that the market can still have significant gaps to navigate before any meaningful ending is established.
Update on BTC price action
In Bitcoin price has recovered It traded back above its previous level of $70,000. Last week, the cryptocurrency fell to $63,000 amid significant volatility changes in market sentiment.
Related reading
However, data from CoinMarketCap shows that Bitcoin has increased by more than 4.8% in the last 24 hours and its daily trading volume has increased by more than 23.4%. The sudden price increase is attributed to stability Imports into Spot Bitcoin ETFs and reducing geopolitical tensions in the Middle East.
Featured image from Pixabay, chart from Tradingview.com
