Bitcoin (BTC) Price Analysis: BTC Is Back Over $85,000 Despite Tony Severino's Bear Market Warning

Bitcoin, as of now, is back over $85,000. However, the recent sublime run hasn't been enough to convince everyone.

Technical crypto expert Tony Severino has warned that the Bitcoin/VIX ratio is “not as bullish as many think”, and could very well be indicating classic bear market signals.

“The Bitcoin/VIX isn’t bullish. These are indicators we usually see in crypto bear markets,” Severino wrote in his post on X.

Bitcoin / VIX Is Highlighting Bear Market Signals - Credit: Tony Severino on X

While several influencers continue to hype up a potential breakout rally for Bitcoin, Severino's analysis suggests that it may have already peaked for the current market cycle. He has also warned traders before, using the Elliott Wave theory and momentum indicators to brace for a downturn.

“Unless market conditions change drastically, we are heading into a bear market,” Severino added. However, other analysts have a different view. Prominent analyst Saeed believes that the recent pullback is a healthy retracement. He asserts that Bitcoin will continue to follow a bullish trend. According to him, the real breakout will occur once the Bitcoin price breaks past the $85,000 resistance level. This could open the door to new all-time highs for Bitcoin.

On the other hand, other chart experts and analysts have observed bullish technical patterns for Bitcoin. Titan of Crypto noted that it appears to be forming an inverse Head-and-Shoulders pattern. If the pattern holds, it could push the Bitcoin price up to $125,000 this year. Rekt Capital, another renowned analyst, spotted a bullish RSI divergence, a pattern that has been followed by major reversals in the past.

#Bitcoin Inverse Head & Shoulders Pattern 🧠📈

Still looks like a clean retest for now.

If the pattern plays out, #BTC could reach $125,000 in 2025.

Let’s see. pic.twitter.com/HvR0cdZYmM

— Titan of Crypto Club 👑 (@TheCryptoClubz) April 11, 2025

With the broad economic conditions improving, with signs of potential liquidity injection from the Federal Reserve, there is widespread hope that Bitcoin will continue to rise. But, with the market volatility, Severino's Bitcoin price warning could be critical.

Here's a summary of the latest crypto news:

Bitcoin (BTC) has shown resilience in recent times, recovering remarkably from a downturn that threatened to spill into new lows. However, despite the recovery, technical expert Tony Severino is raising concerns about a Bitcoin bear market. In his analysis, Severino highlights the Bitcoin/VIX ratio, an indicator that is usually observed during bear markets.

As discussed in previous articles, the VIX, also known as the "Fear and Greed Index," is a renowned indicator of market volatility, typically employed in stock markets. A high VIX reading, like the one observed recently, signals heightened volatility and a potential bear market. Conversely, a low VIX reading, as seen during periods of low volatility, could indicate a bull market.

In a post shared on X, formerly known as Twitter, Severino expressed surprise at crypto influencers discussing the Bitcoin/VIX ratio as a bullish indicator. According to him, this ratio is an interesting observation, but it’s an indicator that is “usually seen during Bitcoin bear markets.”

His post reads:

BTCUSD/VIX is the new hot thing crypto influencers are experts on

Despite how they’re framing it (bullish), TA on it more suggests these are signals you tend to see during Bitcoin bear markets

Month isn’t over yet, however

However, other analysts have a different view. Prominent analyst Saeed believes that the recent pullback is a healthy retracement. He asserts that Bitcoin will continue to follow a bullish trend. According to him, the real breakout will occur once the Bitcoin price breaks past the $85,000 resistance level. This could open the door to new all-time highs for Bitcoin.

On the other hand, other chart experts and analysts have observed bullish technical patterns for Bitcoin. As noted by one chart expert, it appears to be forming an inverse Head-and-Shoulders pattern. If the pattern holds, it could push the Bitcoin price up to $125,000 this year. Another analyst, Rekt Capital, spotted a bullish RSI divergence, a pattern that has been followed by major reversals in the past.

With the broad economic conditions improving, and signs of potential liquidity injection from the Federal Reserve, there is hope that Bitcoin will continue to rise. But, with the market volatility, Severino's Bitcoin price warning could be critical.

Now let's take a look at the latest Bitcoin price action and form a Bitcoin price prediction of our own.

Bitcoin Price Analysis of Last 24 Hours: $85K Breached!

Bitcoin commenced trading yesterday at $83,330, starting