PANews|Feb 01, 2026 06:41
[Analyst PlanC says Bitcoin dropping to $77,000 may be the cycle low, but multiple analysts remain bearish]
According to Cointelegraph, analyst PlanC stated that Bitcoin's approximately 7% drop to $77,000 might mark the low point of this cycle. 'We are very likely experiencing another major sell-off low. The ultimate low seems to be between $75,000 and $80,000.' Bitcoin advocate and financial accountant Rajat Soni noted that Bitcoin's drop to $77,000 coincided with one of the most volatile periods in the crypto market this week and warned traders not to overreact. 'Never trust weekend pump-and-dumps; Bitcoin will rebound when you least expect it.'
Meanwhile, other crypto analysts continue to predict further declines for Bitcoin in the coming months.
Veteran trader Peter Brandt recently predicted that by Q3 2026, Bitcoin's price could drop to $60,000. Crypto analyst Benjamin Cowen suggested that Bitcoin's market cycle low might occur in early October, but he 'expects multiple rebounds before then.' At the same time, Fidelity's Global Macro Director Jurrien Timmer stated that 2026 could be Bitcoin's 'bottom year,' with prices potentially falling to $65,000.
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