{"id":87592,"date":"2026-04-29T00:01:34","date_gmt":"2026-04-29T00:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=87592"},"modified":"2026-04-29T00:01:34","modified_gmt":"2026-04-29T00:01:34","slug":"bitcoin-bulls-should-be-wary-of-this-level-or-investors-risk-getting-trapped","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=87592","title":{"rendered":"Bitcoin Bulls Should Be Wary Of This Level Or Investors Risk Getting Trapped"},"content":{"rendered":"
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A crypto analyst has sounded the alarm over a critical breakout level that could trap many Bitcoin (BTC) bulls<\/a>. The analyst has predicted that the BTC price could extend its ongoing recovery and potentially push toward the $80,000 level in the short term. However, he cautioned that this move could attract late buyers who mistake it for a sustained uptrend, only for momentum to fade sharply, leaving them trapped in losing positions.<\/p>\n

Bitcoin Bulls Face Key Test At $79,300<\/h2>\n

Crypto analyst @Sherlockwhale warned<\/a> in a post on X that Bitcoin may be approaching a key area where traders could misread the short-term upward move as bullish strength or a sustained breakout<\/a>. According to the analyst, current market conditions could trap participants who expect a prolonged bull trend, as price action may end up forming a lower high instead of a sustained move upward.<\/p>\n

The analyst explained that while many traders are currently expecting Bitcoin to confirm a higher high<\/a>, he believes the structure is more similar to previous rejection zones around\u00a0 $107,000 and $97,000. In those instances, the BTC price failed to sustain an upward move, forming lower highs that trapped late buyers<\/a> as sellers stepped in aggressively to take profits.<\/p>\n

\"Bitcoin\"<\/p>\n

@Sherlockwhale suggests that a similar situation could develop again if Bitcoin approaches the critical level around $79,300. In his view, this area could serve as a turning point where bulls may get caught and possibly become exit liquidity. He outlined two potential bearish outlooks<\/a> based on Bitcoin\u2019s weekly chart structure.\u00a0<\/p>\n

In the first scenario, he predicts that if Bitcoin closes the week below $79,300, he would consider that a signal to take a short position. In that case, he targets a sharp reversal toward $60,000, with invalidation above the current weekly wick.<\/p>\n

The second scenario assumes Bitcoin could move higher first before reversing to the downside. In that case, @Sherlockwhale expects the price to rally toward its next major resistance around $83,400, aligning with the 0.618 Fibonacci retracement level on the chart. This area is also seen as a potential liquidity zone where buyers could get caught before a major downturn begins. Even in this case, the analyst\u2019s projected bearish target remains $60,000, likely viewing this level as a potential bear market bottom<\/a>.\u00a0<\/p>\n

BTC To See More Upside Before Another Crash<\/h2>\n

Sharing similar bearish sentiment, market analyst Michael van de Poppe has predicted<\/a> that Bitcoin could see another strong upside move, extending its ongoing rebound, before a steeper crash<\/a>. According to the analyst, BTC is currently holding critical levels around $76,000 after rallying above $79,000 just a day before<\/a>.\u00a0<\/p>\n

Poppe notes that the cryptocurrency is still preparing for more upside and could be heading toward its next resistance levels between $85,000 and $88,000 by May. He predicts that once the price reaches this level, it could reverse sharply, potentially declining toward $56,000.\u00a0\u00a0<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has sounded the alarm over a critical breakout level that could trap many Bitcoin (BTC) bulls. The analyst has predicted that the BTC price could extend its ongoing recovery and potentially push toward the $80,000 level in the short term. However, he cautioned that this move could attract late buyers who mistake […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-87592","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/87592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87592"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/87592\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}