Expert Says Bear Trap Setup Is a Fakeout, Bitcoin Price Could Surge and Hit $230,000 ATH

BTC-1,68%
  • Expert says bear trap setup is a fakeout.

  • Bitcoin price could surge and hit $230,000 ATH.

  • Analysts debate between bullish and bearish outcomes.

The crypto community is pleased to see the price of Bitcoin (BTC), the pioneer crypto asset, surge to hit higher price ranges. In the last couple of days, the price of BTC has surged from $72,000 to almost $79,000. At the moment, bull and bear analysts are debating over the possibilities of what is to come next. An expert says bear trap setup is a fakeout, Bitcoin price could surge and hit $230,000.

Expert Says Bear Trap Setup Is a Fakeout

The sentiments in the crypto market at the moment are slightly mixed despite the fact that crypto asset values are climbing higher. In fact, it is exactly this reason that has led to a mixed point of view. For instance, bullish analysts believe that BTC is just starting its final leg up to reclaim 6-digit prices and the previous ATH at $126,000 before surging to hit higher ATH targets in the coming weeks.

In contrast, bearish analysts believe a bull trap is being set up, meaning the price of BTC will surge in what they expect to be a fake pump before the asset dips to hit much lower prices. To highlight, the price of BTC is expected to climb as high as only $90,000 according to bear analysts, before the asset will inevitably dip to hit much lower prices, presently expected to be in the $40,000, where BTC will likely bottom.

So far, several bearish analysts have supported this point of view, where BTC will surge shortly before a mega fall to the $52,000 price range will occur first. After this, the market will likely bottom before shifting to the next phase of the traditional 4-year bull cycle. This view is being trumped by bullish analysts who believe the traditional bull cycle is no longer in play and that this year, a 5-year supercycle will play out instead.

Bitcoin Price Could Surge and Hit $230,000

According to this supercycle point of view, Bitcoin will rise to hit new ATH records, allowing an altseason peak phase to play out next. Following this bullish event, Bitcoin will finally go on to bottom. Either way, a surge is expected before the fall, it is the timeline and the intensity that are still being debated. One expert goes on to share a highly bullish new ATH target for BTC as we can see from the post below.

THE FAKE OUT IS THE BITCOIN SETUP FOR $230K.

This zone held since 2024.

Two scenarios:
Fake out to $48K: stops hunted, then $230K.
Hold above $65K: move begins without the flush.

Both paths lead to $230K.

One has a stop hunt first.
The market usually chooses that one.

My… https://t.co/ORfkok5QSW pic.twitter.com/fgpKv4GH5y

— Merlijn The Trader (@MerlijnTrader) April 22, 2026

This crypto trader and expert says that the fake out is the Bitcoin setup for $230,000. He points out a zone that has been held since 2024 and expects one of two scenarios to play out, the first is a fake out to $48,000, which will then be followed by a run to $230,000, and the second is that the price of $65,000 will be held before a move to $230,000. The latter will see a major market flush. Responses discuss which outcome is likelier.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Crypto Sentiment Hits 3-Month High; Bitcoin Holds $77K Amid Speculative Risks

The Crypto Market Fear and Greed Index has climbed to its highest level since January 18, reaching 46 over the past 24 hours, according to data from Alternative.me. This represents a 14-point jump from the previous day and marks the largest single-day increase recorded so far this year, signaling a

CryptoFrontier22m ago

Grayscale Transfers 3,817 ETH and 210 BTC Worth $25.02M to Institutional Custody Platform

Gate News message, April 23 — Grayscale transferred a total of 3,817 ETH and 210.006 BTC to an institutional custody platform approximately 40 minutes ago, according to market sources. The combined transfer was valued at approximately $25.02

GateNews1h ago

Spot Bitcoin ETFs See $335M Inflows as BTC Slips

US-listed spot Bitcoin ETFs extended their winning streak on Wednesday, recording $335.8 million in net inflows for their seventh consecutive day of positive flows, according to data from Fraside Investors. This sustained institutional demand reflects strengthening interest in Bitcoin products

CryptoFrontier1h ago

On This Day in 2011, Bitcoin Creator Satoshi Nakamoto Sent Final Message

Gate News message, April 23 — On April 23, 2011, Bitcoin inventor Satoshi Nakamoto sent his last known message, marking a pivotal moment in cryptocurrency history. Fifteen years have passed since that final communication, yet the true identity of Bitcoin's creator remains one of the internet's

GateNews1h ago

Bitcoin Financial Services Firm Fold Launches Employee Bitcoin Rewards Program for Employers

Gate News message, April 23 — Bitcoin financial services company Fold has announced the launch of an employee bitcoin rewards program for employers, allowing companies to distribute regular bitcoin rewards with built-in vesting mechanisms without modifying payroll systems or assuming custody or comp

GateNews2h ago

Trader Maji Closes HYPE Long Position; Current BTC and ETH Longs Exceed $80M

Gate News message, April 23 — Trader Maji closed his entire HYPE long position 3 hours ago, according to Hyperbot data. He currently maintains a 25x leveraged Ethereum long position holding 18,000 ETH

GateNews3h ago
Comment
0/400
Mypriyatnavip
· 3h ago
Itu bukan pengelahuan, itu namanya ekspektasi.
Reply0