The Merlijn cryptographic analyst described the Bitcoin price disaster to USD 91,000 as the main trap of the bear, because optimism returns to the market. The flagship crypto fell to this level after a wave of weekend sales, but since then it has recovered above Psychological level $ 100,000.

Bitcoin price up to USD USD

IN X PostMerlijn described the Bitcoin price disaster to USD 91,000 as “the biggest trap of the bear of this cycle”. The analyst noted that this took place in the bull 2017 and 2021 course and now it took place in this 2025 bull cycle. He is an optimist that Bitcoin and other crypto are well prepared for a rally for modern ups, noticing that every enormous bull had the last trap for bears before sending.

Bitcoin price crashed to $ 91,000 After the wave of sales, which was called by Donald Trump’s tariffs to Mexico, Canada and China. This aroused concerns about the trade war, when Mexico and Canada moved to the announcement of tariffs for imports with the US in retaliation. However, this turned out to be the trap of the bear, because BTC quickly reversed the weekend loss on Monday.

The bitcoin price has recovered $ 100,000 when the USA, Mexico and Canada agreed these tariffs. The rally at the psychological level $ 100,000 again caused optimism on the cryptographic market, especially when altcoins reflected with the flagship crypto. Merlijn warned market participants that they could either go to shake or be set to the largest traffic so far.

Merlijn also shared the chart that showed that the bull cycle is far from the end. Based on the chart, the price of Bitcoins will continue to go through the renovated phase of optimism, Fomo and Euphoria, before it is at the top in this cycle.

What next with BTC?

In the post X Crypto analist The capital of the perpendicular He stated that the price of bitcoins must register daily close to USD 101,000 and successfully recover it. He added that successful recovery of this price level can lead to continuation of growth, with BTC to boost around USD 103,000. Based on the accompanying chart he made available, the next key resistance for the Bitcoins price is around USD 106,148.

Cryptographic analyst Titan of Crypto claimed this Bitcoin’s Bull Market He is still intact. According to him, the stubborn trend remains critical as long as BTC maintains a monthly close above 38.2% of Fibonacci’s recovery level. In post X, he emphasized the pattern of continuation that could send the Bitcoins price of up to USD 117,000 in a tiny period.

At the time of writing this text, the price of bitcoins is around USD 99,500, which is over 5% in the last 24 hours, according to data with coinmarketcap.

A distinguished picture from Unsplash, tradingview.com chart