Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now

After months of uncertainty and sideways trading, fresh technical analysis suggests that Bitcoin (BTC) may have finally exited its bear trap phase. A leading crypto pundit indicates the market has entered a classic cycle of emotions, transitioning from fear to ￰0￱ this trend continues, the next phase could spark a major rally, with altcoins set to ￰1￱ Bear Trap Ends, Altcoins Next Crypto analyst Ardizor posted on X social media on Wednesday that Bitcoin has officially reached the end of its bear trap ￰2￱ argued that the recent downturns were not signs of further collapse but a final shakeout before the next stage of the ￰3￱ Reading: Analyst’s Prediction Plays Out As Bitcoin Price Rebounds, Here’s The Full Forecast To support his view, the crypto expert shared a chart illustrating the classic psychology and emotional transitions of a market ￰4￱ early momentum building to euphoric peaks and painful capitulation, the chart identifies where traders currently stand in the market.

Ardizorn’s chart also emphasized that the declines and false breakdowns that rattled investors and caused extreme fear in recent weeks have concluded, and now, the market is at the stage of “renewed optimism.” Interestingly, this shift has led the analyst to believe that altcoins could soon start outperforming as traders rotate their capital from ￰5￱ on this trend, Ardizor boldly predicts that altcoins will explode next, with many potentially reaching new all-time ￰6￱ outlook is reinforced by another market analyst, Mister Crypto, who argues that September was merely a bear trap for Bitcoin, and that October, often dubbed “Uptober” in trading circles, will spark a new bullish phase, with altcoins poised to outperform ￰7￱ further weight to the bullish case, crypto expert Jelle pointed out that both of Bitcoin’s last two cycles lasted exactly 1,064 ￰8￱ history repeats, the current cycle could peak around October 27, giving altcoins extra room to perform strongly into late ￰9￱ Season On The Horizon With the broader altcoin market already recovering from past declines, market analyst Chiefy paints a similarly bullish picture for these assets in ￰10￱ chart demonstrates a series of breakouts, each marking a significant surge in altcoin valuations relative to ￰11￱ to the crypto expert, altcoins could reach their breakout stage on October 5, ushering in what he calls “the biggest altseason in history.” Related Reading: Expert Says ‘The Time Has Come’, What Could Drive The Next Explosive Altcoin Season The analyst’s chart highlights past breakout points that have multiplied prices by 120x, 175x, and 150x, with the next stage projected to reach as high as ￰12￱ exponential growth pattern mirrors what traders witnessed in previous cycles, reinforcing the idea that the crypto market trends to rhyme, if not ￰13￱ has stated that the unfolding altcoin season could push prices to new ATHs and deliver massive opportunities for ￰14￱ highlighted that, after months of consolidation and endless shakeouts, the market momentum has officially shifted toward a clear uptrend phase, with low-cap cryptocurrencies poised to kick off ￰15￱ to him, back in 2017 and 2021, traders who accumulated altcoins in this stage saw life-changing ￰16￱ image from Pixabay, chart from ￰17￱