Bitcoin Has Hit The Last Bull Trap, But The Accumulation Level Lies Much Lower

4 days ago

A crypto expert has announced that Bitcoin (BTC) has deed its past bull trap, signaling that the terms of the flagship cryptocurrency could autumn overmuch further earlier a imaginable reversal begins. The expert has shared a illustration highlighting cardinal accumulation areas astatine levels beneath $60,000, the lowest terms BTC has reached since its all-time precocious successful 2025.

Bitcoin Reaches Final Bull Trap

Following Bitcoin’s rebound implicit the weekend, a pseudonymous whale and crypto expert known arsenic NoName shared an update connected Bitcoin’s latest terms enactment and what its adjacent moves whitethorn be. In a station connected X, NoName announced that Bitcoin has precocious deed its 2nd and final bull trap since reaching a terms highest successful 2025.

He shared a video illustration showing however the Bitcoin terms has moved passim its ongoing carnivore market. After a prolonged rally that yet pushed Bitcoin to an all-time precocious supra $126,700, the marketplace shifted absorption and entered a sustained downtrend, marked by aggregate corrective waves.

Later during Q1 2026, Bitcoin experienced its archetypal large bull trap. At the time, the terms spiked sharply upward, drafting successful precocious buyers and concisely reviving bullish sentiment earlier rapidly reversing and resuming its decline. The determination yet caught overleveraged traders disconnected guard, starring to important losses for those who entered adjacent the top.

After this archetypal trap, the terms continued to descent and found little terms levels earlier forming its latest bull trap this month. Here, BTC surged supra $72,000 soon after the US-Iran ceasefire announcement. The rally held for respective days, sustaining optimism slightly, earlier momentum faded and the terms retraced backmost toward the $70,000 level astatine the clip of writing.

With this past bull trap successful place, NoName has stated that Bitcoin’s way has go clearer. The expert is present anticipating a last downside flush, suggesting that much volatility and symptom could prevarication up for BTC. He projects a imaginable terms clang to $50,000, representing a much than 28% driblet from its existent terms and a drawdown of astir 60% from BTC’s peak.

Notably, NoName has marked the $50,000 level arsenic a imaginable accumulation area, and investors and traders could statesman entering the marketplace again to prop up their positions.

What’s Next For The BTC Price?

Based connected NoName’s analysis, the $50,000 level is likely Bitcoin’s last terms bottom earlier a bullish reversal. Once the cryptocurrency hits this accumulation point, the expert anticipates an upward determination to the adjacent re-accumulation country betwixt $75,000 and $85,000.

After consolidating astir this scope for a bit, NoName projects that Bitcoin could emergence sharply to his “mark-up” people betwixt $95,000 and $110,000, earlier skyrocketing to a caller all-time precocious supra $130,000.