Bitcoin Price Crash To $91,000 Termed Major ‘Bear Trap’ As Optimism Returns To The Market

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Bitcoin Price Crash To $91,000 Termed Major ‘Bear Trap’ As Optimism Returns To The Market - NewsBTC

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The flagship crypto had dropped to this level following a wave of weekend sell-offs but has since recovered above the psychological $100,000 level. Bitcoin Price Crash To $91,000 Termed "Biggest Bear Trap” In an X post, Merlijn described the Bitcoin price crash to $91,000 as the "biggest bear trap of this cycle.” The analyst noted that this happened in the 2017 and 2021 bull runs and has now occurred in this 2025 bull cycle.

He is optimistic that Bitcoin and other crypto are well primed to rally to new highs, remarking that every major bull run had a final bear trap before sending it. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details The Bitcoin price had crashed to $91,000 following a wave of sell-offs, which was sparked by Donald Trump’s tariffs on Mexico, Canada, and China.

Crypto analyst Merlijn has described the Bitcoin price crash to $91,000 as a major bear trap as optimism returns to the market.