Bitcoin (BTC) has managed to climb a whopping 14.50% from its recent lows of $80,600, inching its way back to $93,000. But wait! Are the bulls staging a grand comeback, or is it just the calm before the storm? 🐂💨
Key takeaways:
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Analysts argue that Bitcoin’s “comeback” is actually a bull trap, with a scary potential dip to $40,000. 😱
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Google Trends suggests we could see a rally up to $97,000, but don’t get too comfy – the correction is coming soon! 📉
Among those leaning toward the bear side is the ever-cynical CryptoBirb, who believes that Bitcoin’s rallies are just prime opportunities for selling, not the beginning of a massive bull run toward a $150,000 price tag. You might want to rethink that yacht purchase just yet, folks! 🛥️💸
Bear Flag: The Oh No Moment That Could Send Bitcoin Plummeting
For those in the bear camp, the dreaded “bear flag” is waving. This classic technical pattern signals more bad news, as it tends to resolve with another painful drop. 📉
Mister Crypto, Celeb Franzen, and some other smarty-pants analysts all pointed to this ominous pattern during Bitcoin’s recovery. Some even suggest BTC could nosedive toward $80,000 faster than a rabbit on a pogo stick. 🐰💨
Upon closer inspection, the bear flag points to a downside target of $77,100 for December, which is like a slap in the face for all those optimistic bulls. That’s a drop of around 16% from where we are now. Ouch. 😬
Bitcoin Could Crash to $40,000…But Hey, It’s Fine! 😅
According to the ever-so-skeptical Leshka, Bitcoin’s current price action looks eerily similar to the 2021 cycle. A “double top” formation, a sharp drop, a misleading rebound, and – tada! – a bull trap that’s ready to ruin everyone’s day. 🍿
In 2021, this trap set the stage for a massive 50% decline. And guess what? The same pattern is showing up now. If this déjà vu continues, Bitcoin could be kissing the $40,000 mark in early 2026. That’s a drop of more than 50%! Hope you didn’t buy that Lambo yet! 🚗💨
Analyst Alex Wacy isn’t feeling any better, warning that Bitcoin’s retreat from its shiny upward trendline could result in an epic 70% crash. 😱
Google Trends: Bitcoin’s Crowd Is Terrified! 😨
Last week, Google searches for “Bitcoin bear market” hit an all-time high, according to analyst AndrewBTC. He pointed out that the BTC “crowd is terrified again.” Guess what? Historically, these spikes are usually the sign of a selloff about to happen. 📉
In May 2021, when Bitcoin was hanging around $60,000, this same fear triggered a 50%-plus correction. The same thing happened in June 2022. It’s like the universe has a script for these things! 📝
Sure, Bitcoin could rally to $97,000 next, but don’t get too cozy. AndrewBTC warns, “Everyone will think the bull run is back, but it isn’t. The bear market is just getting started.” So, if you were planning that beach house, maybe hold off for a sec. 🏖️
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2025-12-08 16:59