{"id":133387,"date":"2026-02-07T20:00:14","date_gmt":"2026-02-07T20:00:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=133387"},"modified":"2026-02-07T20:00:14","modified_gmt":"2026-02-07T20:00:14","slug":"forget-a-bitcoin-yearly-top-btc-price-might-have-hit-a-16-year-cyclical-peak","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=133387","title":{"rendered":"Forget A Bitcoin Yearly Top, BTC Price Might Have Hit A 16-Year Cyclical Peak"},"content":{"rendered":"

Crypto expert Tony Severino has opined that Bitcoin isn\u2019t just showing signs of a yearly top but also that the BTC price may have hit a 16-year cyclical peak. This comes amid the flagship crypto\u2019s recent crash to $60,000, which sparked fears of a bear market<\/a>.<\/p>\n

Bitcoin May Be Showing Signs Of A Peak Amid BTC Price Crash To $60,000<\/h2>\n

In an X post<\/a>, Severino alluded to the yearly Bitcoin chart, which he said looks like a 16-year cyclical peak rather than just a yearly top. The expert also outlined several reasons this appears to be a major cyclical top<\/a> for the BTC price. First, he noted that the white candlesticks have been decreasing in size over time, while black candlesticks engulf more white candles with each appearance.\u00a0<\/p>\n

Furthermore, Severino highlighted the Doji at the top of a rising wedge pattern while the Evening Star is in progress, which is a bearish reversal signal for the BTC price. Meanwhile, the Fischer Transform is crossing bearish with divergence, and the Stochastic is crossing bearish after being rejected from 80. He added that Bitcoin\u2019s Relative Strength Index (RSI)<\/a> is falling back below 70 after making it above this level on the highest timeframe chart.\u00a0<\/p>\n

His analysis comes as the BTC price continues to decline, suggesting the crypto market may be in a bear market after topping last October. Bitcoin dropped to as low as $60,000 earlier this week, suffering its largest daily decline since the FTX collapse<\/a>. Veteran trader Peter Brandt has also opined<\/a> that Bitcoin is in a bear market, predicting that it could still drop to as low as $42,000 before it sees a bottom.\u00a0<\/p>\n

Reason For The Recent BTC Crash<\/h2>\n

BitMEX co-founder Arthur Hayes<\/a> has commented on the reason for this recent Bitcoin crash, suggesting that it was due to external factors rather than part of an ongoing bear market. In an X post<\/a>, he stated that the BTC price dump was probably due to a dealer hedging off the back of BlackRock\u2019s BTC ETF structured products. Notably, BlackRock\u2019s IBIT saw a record trading volume of $10 billion on the day of this crash to $60,000.\u00a0<\/p>\n

Hayes\u2019 comment comes on the back of Bitcoin\u2019s rebound above $70,000<\/a>, with the flagship crypto recording one of its largest ever daily gains yesterday following the crash to $60,000. Galaxy Digital\u2019s Head of Research, Alex Thorn, suggested<\/a> that the drop to $60,000 may mark the bottom for the BTC price. This came as he noted that the 200-week MA, which is around $60,000, has historically been a strong entry point for long-term investors.\u00a0<\/p>\n

At the time of writing, the BTC price is trading at around $70,000, up over 6% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto expert Tony Severino has opined that Bitcoin isn\u2019t just showing signs of a yearly top but also that the BTC price may have hit a 16-year cyclical peak. This comes amid the flagship crypto\u2019s recent crash to $60,000, which sparked fears of a bear market. Bitcoin May Be Showing Signs Of A Peak Amid […]<\/p>\n","protected":false},"author":0,"featured_media":133388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133387"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133387"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133388"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}