Bitcoin Weekly Candlestick Pattern Linked To Sub-$20,000 Crash Reappears, Analyst Eyes $19,000

Bitcoin is flashing a weekly candlestick structure that an analyst says previously came just before a collapse to below $20,000, and the same pattern has now shown up again. Market analyst Tony Severino argues this setup could pave the way for a drop toward $19,000 and considers a 74% correction historically normal, even as some traders doubt such a deep retracement. Despite these warnings, Bitcoin recently bounced back above $70,000 after falling to around $63,000, with gains over the past day supported by rising spot ETF inflows and easing geopolitical tensions.