Tony Severino pinpoints BTC sell zones between $169,000 and $194,000, expects market top in 2025

Using technical indicators like Fibonacci extensions and the Elliott Wave Theory, a crypto analyst pinpoints an ideal “sweet spot” for selling Bitcoin

A crypto analyst has pinpointed an ideal “sweet spot” for selling Bitcoin (BTC) using technical indicators like Fibonacci extensions and the Elliott Wave Theory. According to the analysis, specific price zones have been identified as target BTC sell areas that investors and traders could use to exit positions strategically ahead of possible downtrend.

Analyst Sets $169,000 And $194,000 As BTC Sell ZonesIn an X (formerly Twitter) post, crypto analyst Tony Severino revealed that BTC is currently in Wave 5, experiencing the final push of its bullish Elliott Wave cycle. In previous cycles, the BTC price has consistently terminated near the 1.618 Fibonacci extension of subwaves i through iii. Severino's analysis suggests that BTC could reach new all-time highs (ATH) within a price range.Severino’s Bitcoin chart shows that its price action is segmented into five distinctive waves. Wave 1 represents the initial bullish movement, followed by Wave 2, a corrective pullback. Wave 3 stands out as the most powerful and extended wave, while Wave 4 introduces another corrective phase. Finally, Wave 5, where BTC currently trades within, signals a possible final bullish push upwards.Each wave in the BTC chart has triggered a price increase to different levels, whether to new highs or lows. For Wave 5, however, Severino has proposed an ambitious price target that would act as an important sell zone for investors and traders.The analyst questioned whether BTC could repeat historical trends and terminate again at the 1.618 Fibonacci extension of Waves 1 through 3 combined. This points to a price range between $169,366 and $194,000. According to Severino, these price levels, marked in the red zone on the chart, are called a “sweet spot.” He identified these price areas as a significant sell zone for BTC.Currently, BTC is trading at $96,341, meaning Severino expects the leading cryptocurrency to surge 75.31% and 101.24% to reach the projected target range between $169,000 and $194,000, respectively. The analyst asserts that his bullish projections are reasonable price targets for BTC, underscoring his confidence that the cryptocurrency could hit these new ATHs.

For traders and investors, a sell zone is an ideal exit point to potentially lock in profits and prevent financial loss before a trend reversal. Whether or not Severino’s projected “sweet spot” holds, his analysis provides valuable insights into BTC’s potential price movements and potential sell targets for investors.

Bitcoin Market Top Expected In 2025Prominent crypto analyst Trader Tardigrade took to X to declare that the Bitcoin 4-year cycle is still in play. The analyst's projections suggest that 2025 could still be on the horizon for BTC market peaks, giving traders another chance to capitalize on the cryptocurrency's price surges.Trader Tardigrade predicts that BTC will hit a market peak in 2025, presenting another prime opportunity for investors who may have missed out on its ATH in 2024. However, investors who overlook this window of opportunity in 2025 may have to wait until 2029, after the next halving event, for BTC's next market peak.Sharing a price chart, Trader Tardigrade highlighted BTC's price performance during each four-year cycle. The analyst noted that during each halving cycle from 2011 to 2023, BTC rose to a peak the following year after the halving event. If this historical trend holds, BTC could experience another final surge to new heights in 2025.