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Crypto analyst Merlijn has described the Bitcoin -Prijscrash to $ 91,000 as an important Bear trap as optimism returns to the market. The flagship Crypto had fallen at this level after a wave of weekend sales, but has since been restored to the Psychological level of $ 100,000.
Bitcoin Price Crash up to $ 91,000 called “Biggest Bear Trap”
In one XMerlin described the Bitcoin -Prijscrash up to $ 91,000 as the “largest bean trap of this cycle.” The analyst noted that this happened in the Bull -Runs of 2017 and 2021 and has now taken place in this 2025 Bull Cycle. He is optimistic that Bitcoin and other crypto are well prepared to gather to new highlights, and notes that every major bull’s run had a final trick before he sent it.
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The Bitcoin price had crashed to $ 91,000 After a wave of sale, which was fueled by the rates of Donald Trump on Mexico, Canada and China. This brought concern about a trade war when Mexico and Canada moved to announce rates at the entry from the US as retribution. However, this turned out to be a hose trap, because BTC quickly reversed its loss of the weekend on Monday.
The Bitcoin prize recovered $ 100,000 when the US, Mexico and Canada agreed with a one-month break These rates. The rally to the psychological level of $ 100,000 has again fueled optimism in the cryptomarket, especially with altcoins that recovers alongside the flagship Crypto. Merlin warned market participants that they can choose to be shaken or positioned for the biggest step so far.
Merlin also shared a graph that showed that the bull’s cycle is by no means over. Based on the graph, the Bitcoin price will still go through the renewed optimism, FOMO and Euphorie phase before it is at the top in this cycle.
What is the next step for BTC?
In an X message, crypto -analyst Stretching capital stated that the Bitcoin price must register a daily close to $ 101,000 and successfully test it again to reclaim it. He added that a successful recovery of this price level could lead to an uptrend front withdrawal, where BTC collects up to around $ 103,000. Based on the corresponding graph he shared, the next crucial resistance for the Bitcoin price is around $ 106.148.
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Crypto analyst Titan from Crypto claimed that Bitcoin’s Bull Market Is still intact. According to him, the Bullish Trend remains valid as long as BTC holds a monthly closure of 38.2% Fibonacci Retracement level. In an X -post he emphasized a continuation pattern that could send the Bitcoin price up to $ 117,000 in the short term.
At the time of writing, the Bitcoin price acts at around $ 99,500, an increase of more than 5% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Unsplash, graph of TradingView.com
