Bitcoin Needs To Reclaim This Key Level To Escape The Trap Below $82,000
Bitcoin is sitting at a critical crossroads once again, hovering dangerously close to a liquidity pocket that could trigger deeper losses if bulls fail to respond. Momentum has slowed, volatility is tightening, and attention is now locked on one key level that could determine whether BTC stages a recovery or slips further into the trap below $82,000. Key Resistance at $89,000 Remains Bitcoin’s Biggest Hurdle Analyst Lennaert Snyder highlighted in a recent update that BTC is currently locked in a critical fight for the key $89,000 resistance level. He acknowledged the recent price action,....
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Bitcoin price is on the rebound, but after such a sharp fall and more than 50% retracement, any reversal must be considered a potential bull trap until much higher prices are reclaimed. Further adding credence to the theory of a potential bull trap, a trend strength indicator very clearly shows that bears are in charge, […]
Intended to convince market participants of a price correction, bear traps are orchestrated by entities with large holdings to make quick profits. How to identify and avoid a bear trap?As a difficult proposition for novice traders, a bear trap can be recognized by using charting tools available on most trading platforms and demands caution to be exercised.In most cases, identifying a bear trap requires the use of trading indicators and technical analysis tools such as RSI, Fibonacci levels, and volume indicators, and they are likely to confirm whether the trend reversal after a period of....
The bounce back above $48,000 is not a definitive sign that a correction is over, analysts warn. Bitcoin (BTC) quickly regained lost ground on Aug. 25 after a brief dip towards $47,000 failed to keep bulls down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRebound or bull trap?Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it returned to higher levels almost as quickly as it lost them earlier in the day.At the time of writing, the pair traded at near $48,700, having gained $1,500 in a matter of hours.Analysis had hinted at a rebound even as lower lows....
Bitcoin price hit $19,469 for the first time since December 2017, but there are crucial factors that might prevent BTC from hitting a new all-time high. The price of Bitcoin (BTC) hit $19,469 on Coinbase, reaching its highest point since its December 2017 peak. Although the dominant cryptocurrency is close to surpassing its record high, there are some warning signs to take note of.Three potential reasons Bitcoin faces the possibility of a pullback at $20,000 are a bull trap, overhead resistance and an overcrowded derivatives market.BTC/USD 15-minute chart. Source: TradingView.comA....
Crypto analyst Merlijn has described the Bitcoin price crash to $91,000 as a major bear trap as optimism returns to the market. The flagship crypto had dropped to this level following a wave of weekend sell-offs but has since recovered above the psychological $100,000 level. Bitcoin Price Crash To $91,000 Termed “Biggest Bear Trap” In an X post, Merlijn described the Bitcoin price crash to $91,000 as the “biggest bear trap of this cycle.” The analyst noted that this happened in the 2017 and 2021 bull runs and has now occurred in this 2025 bull cycle. He is optimistic that Bitcoin and....