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

Bitcoin could surge toward $90,488 before a sharp reversal, according to a chart shared on X by pseudonymous trader Capo of Crypto. In his four-stage scenario, BTC would first hold near $81,000–$82,000, then rally to the “ultimate trap” level, before dropping to $75,000, rebounding back to $81,000–$82,000, and finally falling to $65,000–$68,000. Capo says the lower zone aligns with a “fair value gap” Bitcoin may revisit, but he frames the move as a forecast, not a confirmed outcome, while remaining broadly bearish.

Ethereum risks a spillover, another analyst warned, pointing to repeated ETH bounces around $2,350–$2,370 and liquidation sensitivity tied to Hyperliquid positioning below $2,300. The backdrop includes Bitcoin sliding below $81,000 after catalysts including a move of $1 billion in seized BTC to new wallets, U.S. policy signals around Iran, and Fed minutes pointing to potential further rate hikes.