Bitcoin News Today: BTC Could Rise to $100K After Confirmation of Bear Trap
Bitcoin (BTC) is once again commanding headlines as technical analysts and institutional investors agree on one thing: the recent price correction may have been nothing more than a classic bear trap. With renewed strength pushing BTC above the $83,000 level and strong macro tailwinds, many now believe that Bitcoin could be on a fast track to $100,000, possibly within the next few months.
The confirmation of this bear trap has re-energized bullish momentum, shaking out weak hands and setting the stage for what some analysts describe as the most explosive phase of this cycle. Here’s everything you need to know about today’s BTC breakout, the indicators confirming the reversal, and why $100K no longer looks like a fantasy.
What Is a Bear Trap—and Why It Matters for Bitcoin?
A bear trap is a technical pattern where traders are lured into short positions by what appears to be a breakdown in price support—only for the market to reverse strongly, “trapping” those bears and forcing them to buy back at higher prices. This often results in rapid upward price action, as short liquidations drive demand.
Between late March and early April, Bitcoin dipped from $84,000 to under $78,000, creating panic across social media, triggering billions in liquidations, and prompting fears of a deeper correction. However, Bitcoin quickly rebounded—rising 25% in less than 10 days—and breaking back above major resistance levels.
Now trading around $84,000, analysts have confirmed that the recent dip was a textbook bear trap, similar to previous cycles in 2017 and 2020, both of which preceded massive price expansions.
Technical Indicators Turn Bullish
Several indicators confirm that Bitcoin may have re-entered bullish continuation territory:
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RSI Reversal: The Relative Strength Index (RSI) rebounded from neutral levels and is now rising toward 70—often a precursor to strong rallies.
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Golden Cross Confirmation: A new golden cross pattern has formed on the 4H and daily charts, signaling bullish alignment between short and long-term moving averages.
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Volume Surge: Bitcoin’s daily trading volume has spiked by over 35%, especially on spot ETFs and institutional desks—signaling renewed conviction buying.
Most importantly, resistance at $81,500 has flipped to support, a key psychological level. If BTC maintains this level for several daily closes, a push to $88K–$92K could happen quickly, followed by a drive toward $100,000 as FOMO sets in.
Institutional Inflows Boost Confidence
Institutional interest in Bitcoin continues to surge, largely driven by spot BTC ETF inflows. Funds like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC have reported net-positive inflows every week since March, even during the dip. This suggests that institutions were buying the dip, not fleeing.
On-chain analytics firm Glassnode reports that long-term holder wallets are at an all-time high, while exchange reserves of BTC are at their lowest levels since 2018. This “supply squeeze” dynamic is fueling the price climb as demand outpaces available BTC.
Macro Backdrop Also Bullish
In addition to internal crypto dynamics, global macroeconomic conditions are favoring Bitcoin:
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Rate Cut Speculation: The Federal Reserve is signaling potential rate cuts in Q3, weakening the U.S. dollar and driving investors to alternative assets like Bitcoin.
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Geopolitical Tensions: Rising instability in Europe and Asia is leading to capital flight into digital assets as hedges against fiat currency volatility.
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De-dollarization Trends: With BRICS nations moving toward settlement in local currencies or stablecoins, Bitcoin is gaining attention as a neutral reserve asset.
$100K in Sight?
With the bear trap behind us, many now see $100,000 as the next major milestone—and possibly just a stepping stone toward a much larger move.
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Standard Chartered recently raised its 2025 BTC forecast to $150K.
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ARK Invest maintains a $200K–$250K cycle target.
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Bloomberg analysts believe ETF-driven demand alone could push Bitcoin beyond $100K by mid-year.
Final Thoughts
Today’s Bitcoin rally marks more than just a recovery—it’s a signal that the bulls are back in control. The bear trap has been sprung, short sellers have been flushed out, and institutional interest is rising.
If momentum continues, the long-awaited $100,000 BTC milestone may be closer than we think. For now, all eyes remain on price action, ETF inflows, and whether this rally can extend into a full-blown parabolic run.
