Bitcoin Crashes To $76,000 As Analyst Tyrex Warns Against Going Long After Bearish Breakout

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.