Bitcoin Price at $77,000: Analyst Suggests Potential Cycle Low, Others Remain Bearish

Analyst PlanC has indicated that Bitcoin's recent drop to approximately $77,000 could represent the low point of the current market cycle. This sentiment was shared by Bitcoin advocate and financial accountant Rajat Soni, who noted the price movement occurred during a highly volatile week in the crypto market and advised traders against overreacting. "Never trust a weekend pump and dump, Bitcoin will rebound when you least expect it," Soni commented.

However, not all market observers share this optimistic outlook. Several other cryptocurrency analysts continue to forecast further declines for Bitcoin in the coming months. Veteran trader Peter Brandt, for instance, recently projected a significant downward trend extending into 2026.

We are very likely experiencing another major capitulation low. The ultimate low seems to be between $75,000 and $80,000.

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