A crypto analyst has introduced that Bitcoin (BTC) has hit its final bull lure, signaling that the value of the flagship cryptocurrency may fall a lot additional earlier than a possible reversal begins. The analyst has shared a chart highlighting key accumulation areas at ranges under $60,000, the lowest price BTC has reached since its all-time excessive in 2025.
Bitcoin Reaches Final Bull Trap
Following Bitcoin’s rebound over the weekend, a pseudonymous whale and crypto analyst often known as NoName shared an replace on Bitcoin’s newest value motion and what its subsequent strikes could also be. In a put up on X, NoName introduced that Bitcoin has not too long ago hit its second and last bull trap since reaching a value peak in 2025.
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He shared a video chart displaying how the Bitcoin value has moved all through its ongoing bear market. After a protracted rally that ultimately pushed Bitcoin to an all-time high above $126,700, the market shifted path and entered a sustained downtrend, marked by a number of corrective waves.
Later throughout Q1 2026, Bitcoin skilled its first main bull lure. At the time, the value spiked sharply upward, drawing in late patrons and briefly reviving bullish sentiment earlier than rapidly reversing and resuming its decline. The transfer in the end caught overleveraged merchants off guard, resulting in vital losses for individuals who entered close to the highest.
After this preliminary lure, the value continued to slip and set up lower cost ranges earlier than forming its newest bull lure this month. Here, BTC surged above $72,000 shortly after the US-Iran ceasefire announcement. The rally held for a number of days, sustaining optimism barely, earlier than momentum light and the value retraced again towards the $70,000 degree on the time of writing.
With this final bull lure in place, NoName has said that Bitcoin’s path has turn out to be clearer. The analyst is now anticipating a final downside flush, suggesting that extra volatility and ache may lie forward for BTC. He tasks a possible value crash to $50,000, representing a greater than 28% drop from its present value and a drawdown of about 60% from BTC’s peak.
Notably, NoName has marked the $50,000 degree as a possible accumulation space, and buyers and merchants may start coming into the market once more to prop up their positions.
What’s Next For The BTC Price?
Based on NoName’s evaluation, the $50,000 degree is probably going Bitcoin’s final price bottom earlier than a bullish reversal. Once the cryptocurrency hits this accumulation level, the analyst anticipates an upward transfer to the subsequent re-accumulation space between $75,000 and $85,000.
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After consolidating round this vary for a bit, NoName tasks that Bitcoin may rise sharply to his “mark-up” goal between $95,000 and $110,000, earlier than skyrocketing to a brand new all-time excessive above $130,000.
Featured picture from Pixabay, chart from Tradingview.com
