Since the recent Bitcoin price crash to $76,000, the broader crypto market has been on high alert sentiment shifts to extreme levels of fear. A crypto analyst who has shared insights on Bitcoin’s latest market moves is predicting more pain for the leading cryptocurrency. He has also warned investors not to take advantage of the decline and buy BTC during this highly volatile and unpredictable period.
Analyst Warns It Won’t Be Long After Bitcoin Price Crash
Crypto analyst Tyrex has done just that warned Investors are against going long Bitcoin after the recent price crash. On weekends, BTC suffered another devastating dropand is down more than 14%, according to CoinMarketCap. For some investors, this decline may seem like an opportunity buy the dip and go long on the leading cryptocurrency. However, Tyrex advises against such a step.
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The analyst stated in an X-post on February 1, 2026 that Bitcoin crashed to a new low around $76,000 on January 31, confirming a bearish breakout. He noted that, based on past market movements in which similar setups occurred, with the exception of fake outsIt is highly unlikely that Bitcoin will make a full recovery to $85,000. Instead, he said the price is more likely to happen keep dumping until it completes its downward move and reaches a price discovery at lower levels.
Tyrex cited Bitcoin’s price action in May 2021, May 2022, and June 22, noting that massive price crashes occurred during these periods following similar breaks in the market structure. He said Bitcoin failed to recover quickly in both cases and actually continued to crash on the daily chart after the main red candle was pressed.
The analyst’s accompanying Bitcoin chart shows the cryptocurrency trading above $79,000 at the time of his analysis, having staged a slight recovery from the previous low of almost $76,000. He predicted on the chart that Bitcoin could soon resume its decline and fall towards $75,400, which represents a drop of more than 4.5%.
Tyrex added that there is a key support level around the $74,000 level on the weekly chart, which could temporarily halt further decline. According to Tyrex, this level corresponds to a key support near $2,100 for Ethereum.
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Analyst stocks will most likely fall in BTC
In its analysis, Tyrex stated that given Bitcoin’s latest price crash, structural weaknessand previous cycle trends, he expects the cryptocurrency to retest recent lows. Given his view that a recovery is unlikely, the analyst suggests that the short-term prospects for BTC is mostly bearish.
He noted that the $74,000 support is the key area for potential long positions. However, he expressed caution, noting that this level may not be particularly strong as it is relatively far away on the weekly chart and could be broken if Bitcoin continues its downtrend.
Featured image created with Dall.E, chart from Tradingview.com