Bitcoin

Bitcoin Drops to $92K – Is This a Bear Trap? Analysts Predict a Surge to $136K

11 hours ago
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The cryptocurrency market took a major hit today, with Bitcoin (BTC) plunging to $92,000, a 7% drop in the past 24 hours. The sell-off follows new U.S. tariffs on imports from Mexico, Canada, and China, triggering market uncertainty.

However, some analysts believe this could be a bear trap, meaning the price might reverse upwards soon. With Bitcoin dominance rising above 60%, is this just a temporary dip before a bigger rally?

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Altcoins See Double-Digit Losses as Market Sentiment Turns Bearish

While Bitcoin saw a 7% drop, the altcoin market suffered even heavier losses:

  • Ethereum down 20%, now trading at $2,525
  • XRP lost over 20%, now at $2.33Bear Trap? Analysts Predict a Strong Bitcoin Rebound
  • Other major altcoins: Many are down double digits, mirroring a broader risk-off sentiment

This marks one of the worst single-day losses in recent months, with investors rotating capital back into Bitcoin, pushing BTC dominance above 60%.

Bear Trap? Analysts Predict a Strong Bitcoin Rebound

Despite today’s sharp decline, some analysts suggest this could be a bear trap, meaning that Bitcoin’s drop is a fakeout before a bigger move upward.

Sensei (Crypto Analyst & Influencer on X)

Crypto analyst Sensei believes this could be a classic bear trap, where Bitcoin looks weak but is actually setting up for a bullish reversal.

Bitcoin Archive: Bitcoin to $136,000?

Another major crypto analyst, Bitcoin Archive (@BTC_Archive), remains extremely bullish, maintaining a price target of $136,000 in the near term.

This aligns with CoinCodex’s algorithmic prediction, which estimates Bitcoin will surpass $130,000 by the end of March.

With both analysts forecasting a reversal, today’s drop may be a final shakeout before Bitcoin resumes its uptrend.

Bitcoin Sentiment Turns Bearish – But Is It Temporary?

  • Fear & Greed Index drops to 44/100, signaling increased fear for the first time this year.
  • Market Sentiment Index stands at 47/100, reflecting a bearish outlook.
  • Bitcoin dominance jumps above 60%, suggesting investors are rotating capital from altcoins back into BTC.

This sentiment shift comes just days after BTC previously dropped to $102,000, following the initial U.S. tariff announcement.

CoinCodex Fear & Greed Index

CoinCodex’s Fear & Greed Index signals Fear.

Conclusion: A Fakeout Before a Big Rally?

  • Bitcoin dropped to $92,000 (-7%) as new U.S. tariffs rattled markets.
  • Altcoins suffered heavy losses, with Ethereum and XRP down over 20%.
  • Analysts suggest this may be a bear trap, setting BTC up for a reversal.
  • Bitcoin Archive & CoinCodex predict BTC will surpass $130K by March.

With Bitcoin dominance rising and fear spreading, will this turn out to be the last major dip before Bitcoin resumes its rally?

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Source: https://coincodex.com/article/62202/bitcoin-drops-to-92k-bear-trap-before-a-surge-to-136k/