Analyst warns: Bitcoin falling below $78,000 may signal the start of a larger decline.
If Bitcoin drops below this key support level, it could trigger a significant sell-off, leading to further losses. Investors should exercise caution and monitor market movements closely.

DeepFlowTech · 2026-02-02T00:46:14+00:00

Bitcoin price has recently dropped sharply, falling below $78,000, hitting the lowest point since April, triggering market liquidations. Analyst Eric Crown warns that a broader bear market may be underway, with prices expected to further decline to the $50,000-$60,000 range, attracting long-term investors.

DeepFlowTech

2026-02-02 00:46:14

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Deep Tide TechFlow News, on February 2nd, according to CoinDesk, Bitcoin’s weekend price plummeted, falling below $78,000, hitting the lowest level since April and triggering a wave of liquidations. Analyst Eric Crown warned that this decline could be part of a broader bear market pattern, and Bitcoin may face further downside over the coming months.

Crown pointed out that since the end of October, Bitcoin has been in a sideways and downward phase, with the Moving Average Convergence Divergence (MACD) indicator showing a bearish crossover in November. This rare signal has historically preceded deeper corrections in previous cycles. He predicts Bitcoin could drop to the $50,000 to $60,000 range and believes this zone will be more attractive for accumulating long-term positions. Options market data shows traders are increasingly betting that the price will fall below $75,000, while abandoning bullish bets targeting $100,000.

BTC-1.96%

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