{"id":135318,"date":"2024-08-11T18:00:27","date_gmt":"2024-08-11T15:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135318"},"modified":"2024-08-11T13:55:03","modified_gmt":"2024-08-11T10:55:03","slug":"analyst-predicts-bitcoin-to-exit-bear-trap-and-surge-toward-72000","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-to-exit-bear-trap-and-surge-toward-72000\/","title":{"rendered":"Analyst Predicts Bitcoin to Exit Bear Trap and Surge Toward $72,000"},"content":{"rendered":"<p>Recently, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s price<\/a><\/strong> has approached $62,000 following a sharp drop, which some experts are calling a major bear trap.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">So, that was a shake-out or a Bear trap ? <a href=\"https:\/\/t.co\/ezTFDIiabI\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/ezTFDIiabI<\/a><\/p>\n<p>\u2014 Sensei (@SenseiBR_btc) <a href=\"https:\/\/twitter.com\/SenseiBR_btc\/status\/1821555670262432203?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On August 8, analyst \u2018Sensei\u2019 questioned if this decline was a temporary shakeout designed to push out weak investors or if it indicated a genuine bear market.<\/p>\n<p>Sensei <strong><a href=\"https:\/\/x.com\/senseibr_btc\/status\/1822183279740481991?s=46\" target=\"_blank\" rel=\"nofollow\">believes<\/a> <\/strong>the bear trap may be ending soon, pointing to a possible shift in market sentiment. Bitcoin had recently fallen below $50,000, dropping over 20% due to extensive market liquidations.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/michael-saylor-explains-why-bitcoin-is-a-strong-long-term-investment\/\" title=\"Michael Saylor Explains Why Bitcoin is a Strong Long-Term Investment\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/01\/bitcoin-red-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Michael Saylor Explains Why Bitcoin is a Strong Long-Term Investment<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Michael van de Poppe also weighed in, <strong><a href=\"https:\/\/x.com\/cryptomichnl\/status\/1820535728914489606?s=46\" target=\"_blank\" rel=\"nofollow\">suggesting<\/a> <\/strong>that the recent price correction might signal the end of the bear trap, potentially leading to significant market recovery. He highlighted that this downturn could have led to a substantial $1.2 billion in losses from leveraged trades.<\/p>\n<p>Despite recent volatility, Sensei remains optimistic about Bitcoin\u2019s future. He forecasts a strong bull run could start as early as next week and projects that Bitcoin could rise to $72,000 based on current market trends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto analyst has suggested that Bitcoin may be transitioning from a bear trap and gearing up for significant gains.<\/p>\n","protected":false},"author":3,"featured_media":108106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-135318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Predicts Bitcoin to Exit Bear Trap and Surge Toward $72,000<\/title>\n<meta name=\"description\" content=\"A crypto analyst has suggested that Bitcoin may be transitioning from a bear trap and gearing up for significant gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-to-exit-bear-trap-and-surge-toward-72000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Predicts Bitcoin to Exit Bear Trap and Surge Toward $72,000\" \/>\n<meta property=\"og:description\" content=\"A crypto analyst has suggested that Bitcoin may be transitioning from a bear trap and gearing up for significant gains.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-to-exit-bear-trap-and-surge-toward-72000\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" 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