A Bitcoin Rally to $90,000 Would Be the 'Ultimate Trap,' Analyst Cautions

Bitcoin (CRYPTO: BTC) could rally toward $90,500 before reversing sharply, according to one analyst’s chart, in a pattern he calls an “ultimate trap” for buyers.

Why Analyst Sees a Bull Trap Forming

Prominent pseudonymous trader Capo of Crypto on Thursday posted a chart on X laying out a four-stage move. Bitcoin first holds near $81,000 to $82,000, then rallies to $90,488, a level he labels the “ultimate trap” since it could pull buyers into expecting a real breakout. 

From there, he projects a drop to $75,000, a short rebound back to $81,000 to $82,000, and then a deeper fall to $65,000 to $68,000, a zone he identifies as a fair value gap Bitcoin is likely to revisit.

The analyst frames the entire move as his forecast rather than a confirmed outcome, but his overall read stays bearish even through the initial rally leg.

Why Ethereum Could Lead the Next Leg Down

Analyst SalsaTekila posted on X that Ethereum (CRYPTO: ETH) could trigger the next broader selloff if buyers fail to hold current levels. 

His chart shows ETH bouncing off roughly $2,350 to $2,370 three separate times, a repeated low he says leaves stop-loss orders vulnerable to a sweep.

He also flagged liquidation risk tied to large Hyperliquid as measured by Hyperliquid Strategies (NASDAQ:PURR) traders positioned below $2,300.