Why This Analyst Is Warning Against Buying
Because the latest Bitcoin worth crash to $76,000, the broader crypto market has been on excessive alert, with sentiment shifting to extreme fear levels. A crypto analyst who has shared insights on Bitcoin’s newest market actions predicts more pain for the main cryptocurrency. He has additionally warned traders towards benefiting from the decline and shopping for BTC throughout this extremely risky and unpredictable interval.
Analyst Warns Not To Go Lengthy After Bitcoin Worth Crash
Crypto analyst Tyrex has warned traders towards going lengthy on Bitcoin following the latest worth crash. Over the weekend, BTC experienced another devastating decline, dropping by greater than 14% based on CoinMarketCap. For some traders, this drop could seem as a chance to buy the dip and go lengthy on the main cryptocurrency. Nevertheless, Tyrex advises towards making such a transfer.
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The analyst acknowledged in an X submit on February 1, 2026, that Bitcoin had crashed to a brand new low round $76,000 on January 31, confirming a bearish breakout. He famous that, based mostly on previous market actions during which comparable setups occurred, excluding fakeouts, Bitcoin is extremely unlikely to stage a full restoration again to $85,000. As an alternative, he stated the value is extra more likely to preserve dumping till it completes its draw back transfer and reaches a worth discovery at decrease ranges.
Tyrex cited Bitcoin’s worth motion in Might 2021, Might 2022, and June 22, noting that huge worth crashes occurred throughout these durations after comparable breaks in market construction. He stated Bitcoin did not get better shortly in every case and really continued to crash on the each day chart after the primary crimson candle was printed.
The analyst’s accompanying Bitcoin chart reveals the cryptocurrency buying and selling above $79,000 on the time of his evaluation, after it initiated a slight restoration from its earlier low close to $76,000. He projected on the chart that Bitcoin may quickly resume its decline and fall towards the $75,400 area, representing a greater than 4.5% decline.
Tyrex added {that a} main assist degree sits across the $74,000 degree on the weekly chart, which may briefly maintain off additional draw back. In line with Tyrex, this degree is equal to a key assist close to $2,100 for Ethereum.
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Analyst Shares Extremely Doubtless BTC Decline
In his evaluation, Tyrex acknowledged that, given Bitcoin’s newest worth crash, structural weak point, and previous cycle tendencies, he expects the cryptocurrency to retest latest lows as soon as once more. Contemplating his view {that a} restoration is unlikely, the analyst means that the near-term outlook for BTC is predominantly bearish.
He famous that the $74,000 assist is the primary space for potential lengthy positions. Nevertheless, he expressed warning, noting that this degree is probably not significantly robust since it’s comparatively distant on the weekly chart and might be damaged if Bitcoin continues its downward pattern.
Featured picture created with Dall.E, chart from Tradingview.com
