On February 1, 2026, Jim Cramer said buyers would "come in all at once" to push Bitcoin toward $82,000 while it hovered near $77,000. Within hours, BTC slipped below $77,000 and then under $76,000, according to recent price data. Later charts showed $78,051.62, with daily, weekly, and monthly declines of 0.3%, 11.1%, and 13%.

After Bitcoin plunged to a new low around $76,000 on January 31, 2026, analyst Tyrex argued that the move confirmed a bearish breakout and advised traders not to go long. He compared the latest drawdown to previous structural breaks in May 2021, May 2022, and June 2022, saying a swift rebound toward $85,000 is unlikely. Tyrex instead expects further downside toward the $75,400 zone and highlights $74,000 as a key but potentially fragile weekly support, roughly mirroring a major level near $2,100 on Ethereum.

A severe winter storm in the US between 23 and 25 January drove a roughly 40% drop in Bitcoin hashrate, with about 455 EH/s going offline as many miners shut down operations. Large mining firms in Texas used demand-response and curtailment programs to free grid capacity, slowing block times to around 12 minutes but underscoring Bitcoin mining's role as a flexible energy load.

On February 1, 2026, Jim Cramer posted on X that Bitcoin near $77,000 could attract buyers and climb back to $82,000. He later cautioned against treating a Monday bounce as a double bottom, suggested shorts might be pressuring Michael Saylor, and pointed to a short‑term floor no lower than $73,000 after BTC slipped under $80,000 and neared $70,000.

According to Polymarket odds, traders assign a 71% chance that Bitcoin will trade under $65,000 at some point in 2026 while the asset sits near $75,000 after a weekend slide. Analysts highlight $62,000–$65,000 as pivotal support, and US spot Bitcoin ETF holders are largely underwater with average entries around $87,830 amid recent multi‑billion‑dollar outflows.

On Monday, February 2, Bitcoin traded below $77,000 amid macro headwinds, institutional outflows, and liquidations. Finbold's AI tool, combining ChatGPT, Gemini 2.5 Flash, and Claude Sonnet 4, projects $76,667 for February 28, 2026, versus a current $76,784. Individual model calls range from $72,500 to $82,500, highlighting near-term uncertainty.

Bitcoin slid below $80,000, briefly touching $75,500 and trading near $76,564, as nearly $5 billion of leveraged positions were unwound over the last three days. Analysts see resistance at $79,200–$82,000 and support at $75,500–$75,000 with risk toward $70,000, while a power‑law model places BTC 35% under its 15‑year trend.

At the start of the first week of February, Bitcoin traded near levels last seen in November 2024, with several analysts highlighting $76,000–$50,000 as a key support area and warning of potential downside below $50,000. At the same time, weekly and daily RSI readings are approaching oversold levels associated with the 2022 bear-market low, while CME futures gaps, macro liquidity concerns, a sharp precious-metals sell-off and a deeply negative Coinbase Premium are shaping expectations for what comes next.