A cryptocurrency analyst announced that Bitcoin (BTC) has hit its latest bull trap, suggesting that the price of the major cryptocurrency could fall much further before a potential reversal begins. The analyst shared a chart highlighting key accumulation areas at levels below $60,000, The lowest price BTC has ever reached Since its all-time high in 2025.
Bitcoin hits the ultimate bull trap
the next Bitcoin rebounded over the weekendD, a cryptocurrency and whale analyst with a pseudonym known as NoName subscriber An update on Bitcoin’s latest price action and what its next moves might be. In a post on X, NoName announced that Bitcoin has recently reached the second and final spot Bull trap Since it reaches peak prices in 2025.
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He shared a video chart showing how Bitcoin’s price moved throughout its trading period Persistent bear market. After a prolonged rally that eventually pushed Bitcoin higher The all-time high is above $126,700The market changed its direction and entered a continuous downward trend, characterized by multiple corrective waves.
Later during the first quarter of 2026, Bitcoin experienced its first major bull trap. At that time, the price rose sharply to the upside, attracting late buyers and briefly reviving bullish sentiment before quickly reversing and resuming its decline. Ultimately, this move caught the over-leveraged traders by surprise, resulting in huge losses for those who entered near the top.
After this initial trap, the price continued to decline and achieved lower price levels before forming a final bull trap this month. Here, Bitcoin rose to over $72,000 shortly after Announcing a US-Iranian ceasefire. The rally continued for several days, maintaining a bit of optimism, before the momentum faded and the price retreated towards the $70,000 level at the time of writing.
With this latest bull trap in place, NoName reports that Bitcoin’s path is becoming clearer. The analyst now expects The ultimate downside flowSuggesting that more volatility and pain may await BTC. He predicts a possible price collapse to $50,000, which would represent a drop of more than 28% from its current price and a drawdown of about 60% from Bitcoin’s peak.
Notably, NoName has identified the $50,000 level as a potential accumulation area, and investors and traders can start entering the market again to support their positions.
What’s next for BTC price?
Based on NoName’s analysis, it is likely to reach the $50,000 level Final price of Bitcoin Before the bullish reversal. Once the cryptocurrency reaches this accumulation point, the analyst expects an upward move to the next reaccumulation zone between $75,000 and $85,000.
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After consolidating around this range a bit, NoName expects Bitcoin to rise sharply to a “profit margin” target between $95,000 and $110,000, before rising to a new all-time high above $130,000.
Featured image from Pixabay, chart from Tradingview.com
