Crypto Merlijn analyst described the Bitcoin prices crash at $ 91,000 as a major bear trap while optimism returns to the market. The flagship crypto had fallen at this level after a wave of weekend sales, but has since recovered above Psychological level of $ 100,000.
Bitcoin Prix Crive at $ 91,000 called “larger bear trap”
In a X postMerlijn described the Bitcoin price crash at $ 91,000 like the “largest bear trap of this cycle”. The analyst noted that this happened in the 2017 and 2021 bull races and occurred in this 2025 Bull cycle. It is optimistic that bitcoin and other crypto are well prepared to come together for new heights, noting that each major bull run had a last bear trap before sending it.
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The price of Bitcoin had crashed at $ 91,000 Following a wave of sales, which was launched by Donald Trump’s prices on Mexico, Canada and China. This raised concerns about a trade war while Mexico and Canada have moved to announce prices on imports from the United States in retaliation. However, it turned out to be a bear trap, because BTC quickly reversed its loss of weekends on Monday.
The Bitcoin price has recovered $ 100,000 while the United States, Mexico and Canada have accepted a one-month break These prices. The rally of the psychological level of $ 100,000 again sparked optimism on the cryptography market, in particular with the bouncing altcoins alongside the flagship crypto. Merlijn warned participants in the market they could choose to shake or be positioned for the greatest move to date.
Merlijn also shared a painting that showed that the bull cycle is far from finished. Based on the graph, the price of bitcoin will always go through the renewed phase of optimism, Fomo and Euphoria before exceeding this cycle.
What is the next step for BTC?
In a post X, crypto analyst Capital decline said that the Bitcoin Prize must record a daily fence of more than $ 101,000 and the Reteteter successfully to recover it in support. He added that a successful recovery of this price level could lead to upward continuation, BTC gathering at around $ 103,000. Based on the table that accompanies him that he shared, the next crucial resistance for the price of Bitcoin is around $ 106,148.
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Crypto crypto titan analyst said that Bitcoin’s Bull Market is always intact. According to him, the upward trend remains valid as long as BTC has a monthly fence above the level of fibonacci retracement of 38.2%. In a post X, he highlighted a continuation model that could send the price of Bitcoin up to $ 117,000 in the short term.
When writing data from CoinMarketCap.
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