Bitcoin decreased to 91,000 dollars called the main “bear trap”, where optimism is due to the market
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The Crypto Merlijn analyst described the collapse of bitcoin to $ 91,000 as a major trap in the bear where optimism dates back to the market. The main encryption decreased to this level after a wave of weekends, but it has since recovered above Psychological $ 100,000 level.
Bitcoin decreased to $ 91,000 called “the largest bear trap”
in X postMerlijn described the Bitcoin price collapse to $ 91,000 as “the largest bear trap in this session.” The analyst indicated that this happened in the 2017 and 2021 bull race and now this happened in this 2025 bull cycle. It is optimistic that Bitcoin and other encryption are well prepared to gather to new levels, noting that all Run Run had a final bear trap before sending it.
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The price of bitcoin was It was destroyed to $ 91,000 After a wave of sales, which was raised by Donald Trump’s tariff on Mexico, Canada and China. This concern about the trade war raised the Mexico and Canada to announce the customs tariff for imports from the United States in revenge. However, it turned out that this is a bear trap, as BTC quickly reflected its loss on the weekend on Monday.
Bitcoin price has regained 100,000 dollars, as the United States, Mexico and Canada agreed to temporarily stop for one month These definitions. The gathering to the level of 100,000 dollars again sparked optimism in the encryption market, especially with the ALTCOINS recovery alongside the main encryption. Merlijn has warned the market participants that they can either choose to get rid of or put in the biggest step so far.
Merlijn also shared a scheme that showed that the bull cycle has not ended. Based on the graph, the price of bitcoin will continue to pass through the stage of renewed optimism, FOMO, and Euphoria before this course is issued.
What is the following for BTC?
In the X Publishing, the encryption analyst Rick Capital He stated that the price of bitcoin needs to record a daily closure above $ 101,000 and successfully re -test it to restore support. He added that the successful restoration of this price level can lead to a continuation of the upward trend, as BTC collects to about $ 103,000. Based on the accompanying graph that he shared, the decisive resistance of the bitcoin price is about $ 106,148.
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Titan of Crypto confirmed this Bitcoin Market Taurus It is still intact. According to him, the bullish trend is still valid as long as BTC carries a monthly closure higher than the REERERRHERARIONA 38.2 % level. In the X Publication, the most prominent continuing style can send bitcoin price of $ 117,000 in the short term.
At the time of writing this report, Bitcoin price is traded at about 99,500 dollars, an increase of more than 5 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com
