Bitcoin is currently mirroring a similar bull trap situation from 2022, and it could tank the digital asset to $45k in under two weeks, one analyst argues. The largest cryptocurrency by market capitalization is currently trading at $71k after a surprise price increase yesterday that brought it above the $70k resistance. However, Lofty, the analyst in question, believes that this is a classic bull trap setup that has occurred many times before.
Lofty tweeted:
Image Source: XThe analysis shows that the cryptocurrency experienced a major bull trap back in 2022 when it rose sharply to $30K, but the move was immediately followed by a drop to $18K. The recent 2026 move may experience a bull trap at $73K, and based on the analyst’s prediction, a price crash to $45k is imminent.
Is a Crash to $45k Imminent?
Bitcoin’s recent price maneuver to $73k has baffled analysts as to why the digital currency is performing so well in the face of damning odds like the ongoing war-like situation in the Middle East. The stock markets are down while Gold is at historic highs and climbing.
For the past 4-5 months, this has been a recipe for disaster for the premier digital currency, which has often performed even worse than conventional markets, falling earlier and deeper into the abyss. However, BTC’s resilience has been on display for much of a chaotic last week.
For analysts like Lofty, it is easy to paint a bleak picture after earlier woes and present a bull trap explanation for the recent price appreciation. The analyst’s recent predictions have been all over the place, ranging from extremely bullish ($215K) to bearish ($34K) targets. He has made a habit of wild 12-day price predictions and has drawn mockery in replies for these unfulfilled past calls.
One user replied to Lofty’s take:
Image Source: XWhile a bull trap is likely at this price level, a violent price dip to $45k remains highly unlikely. In a trap scenario, even a move back to $65k will fulfill the criteria and dampen the bulls’ hopes of a swift comeback. The next major resistance is around the $80k price level, but the bulls will have their work cut out for them if they wish to overcome it.
Source: https://zycrypto.com/analyst-claims-bitcoin-will-crash-to-45k-in-12-days-calls-73k-move-a-bull-trap/
