The current rebound is a selling opportunity… Bitcoin experts warn of a 'bear trap'

Source: DigitalToday Original Title: “Is the Current Rebound a Selling Opportunity?”…Bitcoin Experts Warn of ‘Bear Trap’ Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=611417

Bitcoin(BTC) has recently rebounded 14.5% from its recent low of around $80,600 and is once again attempting to reach $93,000. However, market sentiment remains divided between bullish and bearish outlooks.

According to blockchain media reports, some analysts consider the current rebound to be a ‘bull trap(bull trap).’ A bull trap is a situation where investors are tricked into believing the market will rise just before it falls. Several analysts have warned that Bitcoin could risk dropping as low as $40,000.

Google Trends(Google Trends), which offers insight into public investor sentiment, also suggests that while Bitcoin may rise to $97,000 in the short term, a correction is likely to follow.

Among Bitcoin bears, CryptoBirb(CryptoBirb) argues that current and upcoming Bitcoin price increases are not buy signals but rather selling opportunities. This outlook contrasts with the expectation that Bitcoin will surpass $150,000 by the end of the year.

One of the main arguments from Bitcoin bears is the ‘bear flag(Bear Flag)’ pattern. This structure implies further decline in a bearish trend. Analysts like Mister Crypto(Mister Crypto) and Celeb Franzen(Celeb Franzen) have raised the possibility that the current rebound is an extension pattern of the downtrend. Some even warn that if support levels break, Bitcoin could plunge to $80,000. Technically, the bear flag’s downside target is about $77,100 by late December, representing a drop of about 16% from current prices.

Another market analyst, Leshka(Leshka), claims that Bitcoin’s current structure is almost identical to the 2021 cycle. At that time, Bitcoin formed a double top(double top) and then plummeted, and there is a high possibility that a similar pattern could appear now. Leshka also warns that the same pattern is visible in the 2025 chart, predicting an eventual decline, and suggests Bitcoin could fall to $40,000 in early 2026.

Analyst Alex Wacy(Alex Wacy) has also presented a similar downside target, explaining that if Bitcoin fails to break through multi-year uptrend resistance, a 70% drop could occur.

Changes in investor sentiment are also cited as a risk factor. Last week, Google searches for ‘Bitcoin bear market(Bitcoin bear market)’ reached their highest level in five years. This phenomenon has also occurred in the past just before massive sell-offs, indicating that market fear is once again rising. Similar search surges occurred in May 2021 before Bitcoin fell more than 50% near $60,000, and in June 2022 before it dropped from $26,000 to $15,450. Market analyst AndrewBTC(AndrewBTC) commented, “The market is afraid again.”