Analysts warn bull trap; Bitcoin may retest $58,000 unless clears $78,000
Hanzo: Bitcoin to $170,000 next cycle; $58k buy, $165k sell.
Crypto analyst Hanzo says Bitcoin will hit a $170,000 ATH in the next bull run. He marks $58,000 as the bottom and $165,000 as a take-profit level, per his X post.
His chart points to 2029 as the potential peak for this move. He shared this after a relief rally pushed BTC to $78,000, the highest since February, amid headlines that Iran reopened the Strait of Hormuz, per Bitcoinist.
Doctor Profit called the bounce a “bull trap.” He warned of another BTC drop within 1–2 months, with spillover to U.S. equities, citing his earlier view in Bitcoinist and his X update.
Analyst Colin expects a near-term correction. He says BTC must clear $78,000 to invalidate the bearish channel; otherwise, $78,000 is likely a local top, per his chart post and follow-up comment.
At writing, BTC trades around $77,200, up over 3% in 24 hours, per CoinMarketCap data.
- Target: $170,000 ATH in next cycle Hanzo
- Levels: $58,000 buy zone, $165,000 take-profit Hanzo
- Trend: $78,000 needed to break bearish structure Colin
- Risk: Bull trap and crash in 1–2 months Doctor Profit
