Jan 31, 2026
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BEARISH 📉 : Analysts Warn Bitcoin Could Drop to $30,000 Amid Weakness
Bitcoin has recently experienced a 2.6% rebound from its lows, aiming to establish support between $82,000-$83,000. Analysts emphasize the need to maintain this level to avoid further bearish trends.
Potential 76% Drop from Peak
- Bitcoin's price fell nearly 9% in one day, reaching around $81,314, risking deeper correction if it doesn't recover $86,000 by week's end.
- Ted Pillows notes Bitcoin's loss of its 100-week EMA support could lead to significant drops, similar to past performances in 2018 and 2022.
- Historical patterns suggest a potential 76.88% retrace to $30,000 if trends repeat, with previous bear markets showing substantial corrections.
Retesting Macro Triangle Bottom
- Analyst Rekt Capital highlights Bitcoin's pattern within a macro triangle, revisiting $82,500. This formation mirrors the 2021 triangle before a bear market.
- A breakdown from the triangle bottom may indicate "Bearish Acceleration," requiring a break above descending resistance for bullish trends to resume.
- Rekt Capital mentions that current EMAs show similarities to early stages of previous bear markets, indicating weakness rather than immediate downside.
- If macro lower highs persist due to weakening demand at historical supports, bearish outlook is more likely.
