Analyst PlanC states that Bitcoin dropping to $77,000 may be the cycle bottom, but multiple analysts continue to be bearish.

PANews February 1 News, according to Cointelegraph, analyst PlanC stated that Bitcoin dropped about 7% to $77,000, which could mark the bottom of this cycle. “We are very likely experiencing another major sell-off low point. The final bottom seems to be between $75,000 and $80,000.” Bitcoin advocate and financial accountant Rajat Soni said that Bitcoin falling to $77,000 coincides with one of the most volatile periods in the crypto market this week, and warned traders not to overreact. “Never believe the weekend pump and dump; Bitcoin will rebound when you least expect it.” Meanwhile, other crypto analysts continue to predict that Bitcoin will further decline in the coming months. Senior trader Peter Brandt recently forecasted that by Q3 2026, Bitcoin’s price could fall to $60,000. Crypto analyst Benjamin Cowen said that Bitcoin’s market cycle bottom might occur in early October, but he “expects multiple rebounds before then.” At the same time, Jurrien Timmer, head of Global Macro at Fidelity, stated that 2026 could be the “bottom year” for Bitcoin, with prices possibly dropping to $65,000.