Bitcoin Price Crash To $91,000 Termed Major ‘Bear Trap’ As Optimism Returns To The Market
Encrypted analyst Merlijn described the price of Bitcoin as $ 91,000, which is a major bear trap, returning to the market with optimism. Flagship encryption has fallen to this level after the sales of weekends, but then resumed Psychological $ 100,000Essence
The price of Bitcoin collapsed to $ 91,000, called the “largest bear trap”
exist X postMerlijn described the price of Bitcoin as $ 91,000, which is “the largest bear trap in this cycle”. Analysts point Bulls cycle in 2025Essence He is very optimistic about Bitcoin and other cryptocurrencies. He can gather new highs, and pointed out that before sending, each major bull running has the final bear trap.
Related reading
Bitcoin price Back to $ 91,000 Donald Trump’s tariffs on Mexico, Canada and China have caused a wave of selling. This caused people’s concerns about the trade war because Mexico and Canada announced tariffs on revenge on imports in the United States. However, it turns out that this is a bear trap, because BTC quickly reversed Monday’s weekend losses.
The price of Bitcoin was recovered by $ 100,000 because the United States, Mexico and Canada agreed to stop for a month These tariffsEssence The psychological assembly of $ 100,000 once again caused an optimistic attitude in the crypto market, especially the cottage coins rebounded together with flagship cryptocurrencies. Merlijn warns market participants that they can choose to shake or be positioned as the biggest move so far.
Merlijn also shared a chart, indicating that the cattle cycle is far from over. Based on the chart, the price of Bitcoin will still stand out in this cycle.
What is the next step of BTC?
In X post, encrypted analyst Rect Capital It is pointed out that the price of Bitcoin needs to record the closing price of more than $ 101,000 per day, and successfully re -test it to restore it to support. He added that the successful recovery of the price level may lead to the continuation of the upward trend, and the BTC Group reached about $ 103,000. According to the attached chart he shared, the next key resistance of Bitcoin prices is about $ 106,148.
Related reading
Crypto analyst Titan asserts Bitcoin bull market Still intact. According to him, as long as the BTC’s monthly is close to 38.2 % of the Fibonacci return ratio, the trend of watching the bullish is still effective. In the X post, he emphasized a continuation model, which can put Bitcoin as much as $ 117,000 in the short term.
When writing, the price of Bitcoin prices was about $ 99,500, an increase of more than 5 % in the past 24 hours. data From Coinmarketcap.
Charts from unsplash characteristic images, tradingView.com
