Advertise
- Debashree Patra
Debashree Patra
- Reviewed by:
Nidhi KolhapurNidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Feb 03, 2026 08:26 UTC
-
Bitcoin Price Crash Is Far From Over – Here’s Why
Bitcoin’s drop to $75K follows a long-term technical breakdown, with analysts warning the correction could deepen toward $63K if weakness persists.
After losing key supports near $91K and $85K, Bitcoin enters a broader correction phase, with volatility high and downside risks still in play.
Bitcoin’s fall toward the $75,000 level did not come as a surprise to analysts. The move was not caused by panic selling or bad news. Instead, experts say the drop is the result of a long-term technical breakdown that has been building for months.
According to analysis shared by The Block Vlog, Bitcoin has shifted from a strong uptrend into a broader correction phase after losing key support levels.
Bitcoin Trend Shift Started in Late 2025
The first warning signs appeared in November 2025, when Bitcoin failed to hold its important $91,000 daily support. This level had supported the bullish trend for weeks.
Once that support broke, the market structure changed. Bitcoin stopped making higher highs and higher lows, confirming that the previous bull market cycle had ended. A rising wedge pattern also broke down, which is often a bearish signal.
At the same time, momentum indicators across higher timeframes turned weak. Weekly momentum slowed, medium-term indicators flipped bearish, and monthly candles began closing below short-term moving averages. Together, these signals pointed to a deeper correction, not just a short pullback.
Why Bitcoin Falling to $75,000 Was Expected
After losing the $91,000 support, downside targets between $76,900 and $71,800 became active. Bitcoin reached the $75,000 zone within days, confirming those technical predictions.
The speed of the drop stood out, especially because it happened over the weekend, when markets usually move more slowly. This suggested strong selling pressure rather than normal profit booking.
Although $75,000 is an important psychological level, analysts say it is not a strong long-term support. From a weekly view, Bitcoin already lost the more critical $85,000 support, leaving the price vulnerable to further declines.
Ethereum Price Outlook Depends on ETH/BTC Pair
For Ethereum, analysts are paying more attention to the ETH/BTC chart than the dollar price. While Ethereum remains bullish in the long run, it must hold the 0.026–0.029 support range against Bitcoin.
If Ethereum fails to show strength relative to BTC, it is unlikely to outperform Bitcoin in the near term, even if the broader market stabilizes.
What Next For BTC Price?
If the downtrend continues, a larger measured move from the weekly chart points toward the $63,000 region as a possible next target. This does not mean an immediate fall, but it remains a realistic risk if weakness continues.
On the upside, short-term relief rallies may face resistance near $78,500. Stronger selling pressure is expected between $84,500 and $87,200. A rejection from these zones would likely strengthen the bearish trend again.
The bearish outlook would only change if Bitcoin can reclaim and hold above the $93,000–$94,000 range on a weekly close. Until then, analysts expect high volatility, with downside risks still very much in play.
FAQs
Technical projections point to $63,000 as a potential downside target if the current bearish trend continues.
Bitcoin may stabilize once selling slows near major weekly supports or after a period of high volatility and consolidation.
Short-term rallies could test $78,500–$80,000, but sustained recovery requires stronger demand and trend reversal signals.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Yes 
No 
