Analyst PlanC suggests that Bitcoin's drop to $77,000 may be a cyclical low, but several other analysts remain bearish.
PANews reported on February 1st that, according to Cointelegraph, analyst PlanC stated that Bitcoin's drop of approximately 7% to $77,000 may mark the low point of this cycle. "We are very likely experiencing another major sell-off low. The final low seems likely to be between $75,000 and $80,000," said Bitcoin advocate and financial accountant Rajat Soni. He noted that Bitcoin's drop to $77,000 occurred during one of the most volatile periods in the crypto market this week and warned traders not to overreact. "Never believe the weekend rally; Bitcoin will bounce back when you least expect it."
Meanwhile, other crypto analysts continue to predict that Bitcoin will fall further in the coming months.
Veteran trader Peter Brandt recently predicted that Bitcoin's price could fall to $60,000 by the third quarter of 2026. Crypto analyst Benjamin Cowen stated that the market cycle low for Bitcoin may occur in early October, but he "expects several rallies before that." Meanwhile, Jurrien Timmer, head of global macroeconomic research at Fidelity, said 2026 could be Bitcoin's "bottom year," with the price potentially falling to $65,000.
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