Bitcoin Bull Trap Setup — Mid Term Target $50K for BITSTAMP:BTCUSD by Mike_Forex_BTC
BTC — Cycle Repeats: Bull Trap Setup Building Toward $50K CRYPTOCAP:BTC Over past months, BTC has been following one pattern: Sharp 30% selloff Range + liquidity on both sides Sweep lows → buy-side liquidity Bull Trap forms → 30%+ dump Looking at the chart, this playbook has already run twice — the rally into $83K rejected cleanly out of the rising channel, followed by a sharp selloff and consolidation. Price is now basing in a range, mirroring the same structure that preceded the prior …
BTC — Cycle Repeats: Bull Trap Setup Building Toward $50KBTCOver past months, BTC has been following one pattern:Sharp 30% selloffRange + liquidity on both sidesSweep lows → buy-side liquidityBull Trap forms → 30%+ dumpLooking at the chart, this playbook has already run twice — the rally into $83K rejected cleanly out of the rising channel, followed by a sharp selloff and consolidation. Price is now basing in a range, mirroring the same structure that preceded the prior leg down. Now, BTC is in phase 2 — a relief bounce here would be the next expected step, potentially sweeping liquidity toward the $67K–$71K zone before a bull trap forms and rejects. If that plays out, the mid-term target sits at $50K, completing the pattern with another 30%+ move down. Key levels:Current range: consolidation after the $83K rejectionExpected bull trap zone: $67K–$71KMid-term target: $50KInvalidation: a strong reclaim and hold above $83K breaks the repeating patternTurn on notifs, I'll update as structure develops. Not financial advice — this is a pattern-based technical read, not a guarantee of repetition. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.