<ul><li>Technical expert Tony Severino is no longer bullish on BTC and other crypto assets amid the recent Bitcoin price drawdown.</li><li>Citing market cycles and the Elliott Wave Theory, Severino believes the top is in for Bitcoin as Wave 1 and Wave 5 recorded similar price gains.</li><li>Severino highlights the euphoria around Donald Trump's inauguration and the cyclical crests as additional reasons for his bearish stance on BTC.</li><li>Other indicators such as curve trendline, Parabolic SAR, and Average Directional Index further suggest that the Bitcoin price has topped and the upward momentum is weakening.</li></ul>

Bitcoin Price Drawdown: Technical Expert Gives Reasons On Why He Is No Longer Bullish On BTC And Crypto

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