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Bitcoin ’rallies are for selling‘: Top 3 arguments from BTC market bears

Cointelegraph
Top Bitcoin bears argue that current price rallies are bull traps, citing technical patterns and historical fear indicators.

Summary

Despite Bitcoin climbing from recent lows toward $93,000, several analysts maintain that current price movements are bull traps signaling a bear market continuation, not a renewed bull run. The top three bearish arguments include the formation of a "bear flag" technical pattern, which suggests a potential 16% dip toward $77,100. Secondly, one analyst suggests that Bitcoin's current structure closely mirrors the 2021 cycle's double-top formation, which could lead to a crash revisiting the $40,000 region in early 2026 if the fractal repeats. Finally, Google Trends data shows searches for "Bitcoin bear market" hitting record highs, a pattern historically preceding significant price selloffs, suggesting a rally toward $97,000 could be the final trap before a major correction.

(Source:Cointelegraph)