Bitcoin Drops 7%: The Deepest Opportunity in the Bull Cycle?

Bitcoin's Saturday Shock: Fell 7% to $77,000

Bitcoin fell approximately 7% on Saturday to $77,000, and according to analyst PlanC, this could be the deepest pullback opportunity of the current bull cycle. According to CoinMarketCap data, BTC is currently trading at $78.605 (-%6,45 24-hour change), positioned 38% below the all-time high of $126,100 reached on October 5. It has lost 11.44% value over the last 30 days. While this drop is making investors nervous, it is also seen as a buying opportunity.

Analysts' Striking Predictions

PlanC notes that the drop resembles the capitulations that fell to $3,000 in the 2018 bear market, $5,100 in the March 2020 crash, and $15,500-17,500 in the FTX and Luna events. He states that the cycle bottom could be between $75,000-$80,000. Rajat Soni says weekend dumps should not be trusted, and Bitcoin will make an unexpected comeback. Peter Brandt predicts down to $60,000 by Q3 2026, Jurrien Timmer to $65,000, and Benjamin Cowen a low in October. These views are creating mixed signals in the market.

Breaking Developments: Critical Levels Broken

• Bitcoin fell below MicroStrategy's cost basis ($76.037) for the first time since October 2023 – institutional selling pressure may increase.
• Fell below $80,000 for the first time since April 2025; the market is experiencing broad risk aversion.
• While the Dollar Index rose 0.4%, BTC fell 4%, gold 2.5%, Nasdaq 0.8%. Rumors of Walsh becoming the new FED chair are fueling volatility.

Technical Analysis: Supports in Oversold Region

RSI at 25.83 is in the oversold region (oversold). Trend: Down, Supertrend: Bearish. EMA 20: 87.395$. Supports:

• S1: 75.719$ (Strong, 75% score, -%4,06 distance)
• S2: 78.808$ (Medium, 57% score)

Resistances:

• R1: 80.357$ (Strong, 68% score, +%1,82)
• R2: 83.159$ (Strong, 61% score, +%5,37)

In the short term, the 75k-80k band is critical; R1 must be broken for recovery. Detailed chart analysis.

Market Impacts and Risks

Dollar strength and FED uncertainty are pressuring BTC along with gold/Nasdaq. Institutional bottom hunters (MicroStrategy effect) may buy, but if global risk aversion continues, 75k could be tested. Altcoins are falling harder; BTC dominance is rising.

Conclusion: Opportunity or Trap?

PlanC's capitulation similarity is promising, but names like Brandt predict deeper drops. With RSI oversold signal, there's a buying opportunity scent, but monitor DXY and FED news. Investors, stay cautious; follow PlanC analyses.