Bitcoin’s current price action between $85k and $95k is likely a bull trap after a record liquidation of longs, one analyst argues. The largest cryptocurrency by market capitalization has been experiencing one of its worst Q4s in history. Still, early December has shown some signs of price recovery, reclaiming the $90k level after revisiting the $81k support in November.
However, the analyst in question believes that the current price recovery below $100k support level is nothing but an eyewash; a bull trap designed for unwary long traders who think we are in for a strong showing at the start of 2026. Many of them have already tweeted regarding a strong Q1 2026 showing, arguing that the bull market and by extension the altseason have been delayed, not cancelled altogether.
But Leshka, with over 170,000 followers on X (formerly Twitter), is unfazed and believes traders are falling for a classic bull trap pattern that will eventually lead to major losses for the crypto market, trapping unsuspecting users on the wrong side of the trend for a long time.
They tweeted:
“exact the same cycle as 2021
bull trap is loading
then $BTC fall to $40,000”
Image Source: XAccording to the graph above from Leshka, the current trading situation mirrors a familiar bull trap seen in 2022, when the premier digital currency made a quick recovery from $30k to $50k in a matter of days.
Back then, as now, the bulls were dissatisfied with the bull cycle’s performance and wanted it to continue for just a while so that their long positions could benefit from the temporary arrangement. However, the market had entirely other ideas, and short sellers benefited instead as the digital currency executed a textbook bull trap maneuver and went on a free fall once again, eventually forming a floor around the $20k valuation.
Bull Resumption or Bull Trap?
Bitcoin is currently staring at a major fork on the road to 2026. The bull trap theory will gain further ground as bulls continue to perform poorly. Leshka does make a case for a bull trap, but it is worth noting that the 2022 bull trap actually occurred in 2022, after a late market surge.
Therefore, a move above $100k before or after the New Year’s Eve of 2026 cannot be ruled out in either scenario. The trap has to have enough bulls or longs in its jaws to be considered a bull trap. As whales continue to close longs fearing such a sudden price drop, the scenario seems unlikely in the current setup.
Source: https://zycrypto.com/current-bitcoin-setup-is-a-bull-trap-expect-price-to-drop-below-50000/
