@Tony_Sycamore
A Sydney market analyst at the broker IG, formerly of Goldman Sachs' macro prop desk, who writes Bitcoin notes built on trend channels and the 200-day average. His May warnings that Bitcoin would fall back from the $81,000–$83,500 zone played out. On 1 July he called for a deeper pullback to $50,000–$52,000 on the day of Bitcoin's lowest daily mark in our window, $58,566; five days later he turned bullish, and that call hit its target.
In short. Tony Sycamore is a market analyst at IG Australia. He writes signed market notes for IG, Reuters and Bloomberg quote him on Bitcoin, and he posts as @Tony_Sycamore to about 6,500 followers on X. On our sample of five Bitcoin calls from 6 May to 25 August, the record is 3 played out, 1 went against, 1 open. The miss was his 1 July call for a deeper pullback to $50,000–$52,000, made on the day of Bitcoin's lowest daily mark in our window.
Tony Sycamore is a market analyst at IG Australia, the local arm of the online broker IG. His IG profile says he has “over 25 years experience working in financial markets, including ten years at Goldman Sachs”, six of them on the Goldman Sachs macro proprietary trading team in Sydney, and that he worked in sales at BNP Paribas, the Commonwealth Bank of Australia and Macquarie Bank. Money magazine's author page adds that he founded TechFX Traders and later provided commentary for StoneX Retail.
He covers far more than crypto: most of his IG notes are on the ASX 200, US equities, gold, oil and the Australian dollar. Bitcoin gets a dedicated note every few weeks, and Reuters and Bloomberg quote him on it.
His method is classic technical analysis: rising trend channels, the 200-day and 200-week moving averages, and named support and resistance levels, read against the Fed and US data. He usually gives two paths — a level that would turn the picture bullish and one that would open a deeper fall.
This page grades Bitcoin calls only. X search returned nothing for this account, so the reading list is his X profile feed (811 posts back to December 2025, of which 209 are his own, all from 15 May to 14 October; the rest are reposts, mostly of IG and news accounts), the IG Bitcoin articles linked from that feed, and Google News articles that quote him. He restated his May view on 15 May and his July view on 14 and 15 July; we chart the first copy of each. On 28 July he told Bloomberg he was “currently holding a neutral bias on Bitcoin”; we note that on the 6 July card rather than chart it.
Sources: x.com/Tony_Sycamore (captured via api.fxtwitter.com) · IG Australia · Reuters via The Manila Times · Bloomberg via The Straits Times · CoinGecko
Two-sided levels. Tony names the line that would turn the chart bullish — $83,500 in May, the 200-day average in July — and the support it falls to if that line holds. That framing served him well in May, when he twice warned that a failure at $81,000–$83,500 could send Bitcoin back to trend-channel support, and it did. His weak spot was calling for more downside after the drop had already happened: on 1 July he pointed to $50,000–$52,000, and Bitcoin rose 47.9% from that day's mark instead.
Neutral overall. He leaned bearish on Bitcoin from May to 1 July, turned cautiously bullish on 6 July, told Bloomberg he was neutral on 28 July and leaned bullish again in late August.
Five dated Bitcoin calls from Tony Sycamore charted against real price. Two are his X posts, two are his signed IG Australia notes and one is his quote to Reuters. The tally is 3 played out, 1 went against, 1 open. The 6 May warning of a retest of support near $69,000, the 26 May call for a deeper correction to $71,500 and the 6 July turn to “cautiously bullish” played out. The 1 July call for a deeper pullback to $50,000–$52,000 went against. The 25 August call that a sustained break would open $95,000–$100,000 is open.
“A sustained break above here would open the door for a move toward $95,000–$100,000.”
Said to Reuters as Bitcoin crossed $80,000 for the first time since mid-May; the 25 August mark was $78,974. Bitcoin dipped to $75,590 (−4.3%) on 16 September, then rose to $86,597 (+9.7%) on 22 September, its highest mark in our window. It has not come near $95,000, which is +20.3% from the mark. It sits at $81,764 (+3.5%). Bitcoin went higher but stalled far short of the target — open.
SourceBitcoin rises above $80,000 — Reuters via The Manila Times↗ manilatimes.net“With some of the headwinds that have buffered Bitcoin now easing - Ive turned cautiously bullish on Bitcoin. Leaning against last week’s $57,735 I am looking for a test of the 200-day moving average at $74,712.”
Posted at 00:24 UTC; the 6 July mark was $63,586. Bitcoin dipped to $62,247 (−2.1%) on 9 July but held well above $57,735. He repeated the call on 14 and 15 July, then told Bloomberg on 28 July he was neutral, at $63,701 (+0.2%). Bitcoin cleared $74,712 with $78,318 (+23.2%) on 22 August and went on to $86,597 (+36.2%) on 22 September. It sits at $81,764 (+28.6%). Played out.
𝕏 Post“Ive turned cautiously bullish on Bitcoin” — @Tony_Sycamore on X↗ x.com“This increases the chances that we are set to see a deeper pullback into the $50,000 - $52,000 support area, which acted as strong demand during the pullback in mid-2024.”
Published at 06:15 UTC; the 1 July mark was $58,566, the lowest daily mark in our window. Bitcoin never closed below it again. It cleared his first sign of relief, the mid-June $67,253 high, with $69,291 (+18.3%) on 20 August, and reached $86,597 (+47.9%) on 22 September. It sits at $81,764 (+39.6%). He turned bullish five days later. Went against.
SourceHow Bitcoin’s strong start to Q2 went wrong – and what lies ahead in Q3 — IG Australia↗ ig.com“This keeps the near-term risks tilted toward a deeper correction back to trend-channel support around $71,500. To see a more bullish outlook emerge, Bitcoin needs a decisive break and close above $83,500, which would open the path toward the $95,000 region.”
Posted at 22:34 UTC; the 26 May mark was $77,258 and the next, on 27 May, $75,851. Bitcoin reached his $71,500 support with $71,320 (−6.0%) on 2 June and kept falling, to $58,566 (−22.8%) on 1 July. It did not close above $83,500 until 22 September. It sits at $81,764 (+7.8%). Played out.
𝕏 Post“near-term risks tilted toward a deeper correction” — @Tony_Sycamore on X↗ x.com“However, failure to clear the $81,000–$83,500 resistance zone in the coming sessions could lead to another round of profit‑taking and a retest of the lower boundary of trend‑channel support near $69,000.”
Published at 04:35 UTC; the 6 May mark was $80,914. He named both paths: a close above $83,500 would open $95,000, a failure would send Bitcoin back to about $69,000. The zone held — Bitcoin peaked at $82,018 (+1.4%) on 11 May — and he repeated the view on 15 May. Bitcoin first closed below $69,000 at $66,727 (−17.5%) on 3 June. It sits at $81,764 (+1.1%). Played out.
SourceBitcoin’s renaissance builds momentum above $81,000 on macro tailwinds — IG Australia↗ ig.comOutcomes are our read of the stated claim against real price, not his own scoring. Every quote is verbatim from the page linked on its card: an X post, a signed IG Australia article, or a Reuters article quoting him in quotation marks. Prices are CoinGecko daily marks taken at 00:00 UTC, so a call is measured from the mark at the start of its day, and intraday highs and lows do not show. The 26 May post came at 22:34 UTC (next mark $75,851). The 25 August quote was given during Asian hours that day, when Reuters put Bitcoin at $80,323; the card is measured from the 25 August mark, $78,974. Near-term marks can flip.
Tony's X posts and IG notes are free to read. Here is how his work is paid for.
He is a market analyst at IG Australia, part of the online broker IG, which earns from clients trading CFDs, shares and crypto. His notes are IG's marketing content and carry its risk warning; his X bio says “Losses can exceed deposits, 75% of retail clients lose money.”
His X bio says “Views & opinions are my own, & not those of IG.” We found no paid newsletter, course or signal group of his own, and no disclosure of personal Bitcoin holdings.
Money magazine says he founded TechFX Traders and later provided analysis and market commentary for StoneX Retail, another broker. We did not find a current product from either.
“Ive turned cautiously bullish on Bitcoin.”
6 Jul 2026 · Bitcoin +23.2% to his target by 22 August“a deeper pullback into the $50,000 - $52,000 support area”
1 Jul 2026 · Written at the window's lowest mark; +47.9% instead“near-term risks tilted toward a deeper correction”
26 May 2026 · $71,500 reached on 2 JuneQuotes transcribed from his own public sources; stated views, not recommendations.
Tony writes several IG Australia notes a week, mostly on equities, gold, oil and FX, and posts short versions on X. We graded Bitcoin calls only.
A market analyst at IG Australia with more than 25 years in markets, including ten at Goldman Sachs. He writes signed IG notes on equities, gold, FX and Bitcoin, is quoted by Reuters and Bloomberg, and posts as @Tony_Sycamore on X.
On our sample of five dated Bitcoin calls from May to August 2026: three played out, one went against, one is open. The miss was his 1 July call for a pullback to $50,000–$52,000, made on the day of Bitcoin's lowest daily mark in our window.
It changes with his levels. He leaned bearish from May to early July, turned cautiously bullish on 6 July, and was looking for $95,000–$100,000 on a sustained break in late August.
Not that we found. He works for the broker IG, which earns from client trading, and his notes are free IG content.
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Informational and educational analysis based strictly on publicly available materials: dated X posts captured from X's public endpoints, signed IG Australia articles, press articles quoting him and the sources linked on each call. Not financial or investment advice. Figures are approximate and change constantly. Spotted an error, or are you Tony? Submit a correction →
Verified handles · Sources cited above · Scoring methodology · Updated 18 October 2026
