the Bitcoin work It is currently following a pattern seen in the previous run, indicating that a 9 -month cycle may not end yet. According to an encryption analyst, historical data from the previous bitcoin courses appear accurately Where the market is in the current bull race. These previous trends reveal that the market may be discovered in the bear trap.
What the previous bitcoin courses say about the current situation of the market
Cyclop on X (previously Twitter) subscriber The historical data of the previous Bitcoin Bull -Bull sessions to determine the exact position of the current market. The analyst revealed that during the Taurus Rally in 2011, 2013, 2017 and 2021, Bitcoin witnessed repeated The bull market for nine months, With the bear trap, it occurs about a month 5 or 6.
A Bear trap It is a temporary decrease in the price that misleads traders and investors to believe that The bull market has endedWhich leads to a huge sale and spread fear. Unlike the normal bear market, which includes long periods of decline and volatility, the bear trap is recovered quickly and continues its previous upscale momentum.
According to the Cyclops scheme, it is possible that the Bitcoin market has entered the bear trap, and is compatible with the patterns of Previous Taurus round courses. In 2011, Bitcoin witnessed a nine -month bull race, with a bear trap that occurred in the sixth month. The only exception to this six -month trend was in 2013 when the bear trap appeared in the fifth month instead.
If the Bitcoin market follows this historical data, as the analyst suggests, then this means that the cryptocurrency has entered the bear trap for 6 months. This trend usually follows stages of renewed optimism, Fear of loss (FOMO), And euphoria in the peak before correcting the next market.
currently , Bitcoin price decreased Much lower than the $ 100,000 threshold and is now traded at 95,767 dollars. Based on CoinMarkcap reports, the leading currency in the currency fell by more than 11 % last month and failed to recover enough gains to return it to the previous highlands. Factors such as US President Donald Trump’s tariffThe continuous fluctuations in the market and changes in feelings had a severe impact on the Bitcoin market and the wider encrypted currencies.
The encryption community interacts with mixed views
While Cyclop believes that the current market has entered into a bear trap, members of the encryption community Argue It is still in the bull race. One member, b. Rich Detected This is instead of the bear trap, the market is likely to suffer from vibration.
The bear trap is expected to run when the bitcoin price will be turned off or a level of $ 200,000 will be turned out for different psychological reasons. It is also believed that a long -term super cycle may be in booksThe super course may be in books For BTC, with the current downward feelings it quickly turns into FOMO.
Distinctive image from Unsplash, Chart from TradingView.com
