Feb 2, 2026
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BEARISH 📉 : Analyst advises against buying Bitcoin after $76,000 crash
The recent Bitcoin price crash to $76,000 has heightened market fears. Analyst Tyrex warns against going long on BTC amid this volatility.
Key Insights from Analyst Tyrex
- BTC dropped over 14% recently, according to CoinMarketCap.
- Tyrex suggests avoiding buying the dip despite potential temptation.
- The analyst predicts further declines below current levels, possibly towards $75,400, indicating an additional 4.5% drop.
- A major support level is identified around $74,000, which could temporarily halt further decline.
- For Ethereum, a key support level is near $2,100.
Bearish Outlook
- Tyrex cites structural weaknesses and past trends as reasons for expected retests of recent lows.
- The outlook remains bearish, with caution advised even around the $74,000 support.
