Bitcoin Hits $77K: Analyst Predicts Deepest Pullback Yet
By John Nada·Feb 1, 2026·2 min read
Bitcoin's drop to $77K may signal its lowest point yet, according to analyst PlanC. The market remains uncertain, with predictions of further declines still looming.
Bitcoin's recent fall to $77,000 may mark the lowest point of this cycle, according to analyst PlanC. The decline of around 7% on Saturday has sparked discussions among crypto experts about the potential for further downturns in the coming months. PlanC expressed a strong belief that this could be the deepest pullback opportunity in the current bull run, as he drew parallels between Bitcoin's current trajectory and past bear market cycles.
As Bitcoin hovered around $78,690 at the time of publication, it remained down approximately 11.44% over the past 30 days. The asset's price is also about 38% lower than its all-time high of $126,100, reached earlier this cycle. PlanC noted that the ongoing downtrend resembles significant past crashes, including the 2018 bear market and the FTX collapse, during which Bitcoin saw dramatic declines.
“There’s a decent chance we are going through another major capitulation low as we speak,” PlanC stated. He indicated that the ultimate low could fall between $75,000 and $80,000, further emphasizing the uncertainty surrounding Bitcoin's future price movements.
Contrasting PlanC's analysis, Bitcoin advocate Rajat Soni cautioned traders against overreacting to the weekend's volatility. Soni highlighted the unpredictable nature of Bitcoin, suggesting that it will rebound unexpectedly. Yet, some analysts, like veteran trader Peter Brandt, forecast that Bitcoin might dip as low as $60,000 by the third quarter of 2026. Others, like crypto analyst Benjamin Cowen, predict that the market cycle low could emerge in early October, although he expects several price rallies leading up to that point.
Fidelity’s Jurrien Timmer also weighed in, suggesting that 2026 could be a challenging year for Bitcoin, with prices potentially dropping to around $65,000. This array of predictions underscores the volatility and uncertainty that continue to characterize the crypto market, leaving investors to navigate a landscape fraught with potential pitfalls.
In summary, while some analysts like PlanC see the possibility of a significant low point for Bitcoin, others remain cautious, indicating that further declines could still be on the horizon. The ongoing debate among experts illustrates the unpredictable nature of cryptocurrency investments and the need for careful consideration by traders and investors alike.