On-chain analyst Willy Woo has warned that a Bitcoin “bull trap” may be forming, with a short-term rally possible before the broader bear trend resumes. He said Bitcoin is in a bear market and that the market has not yet reached its cycle bottom. In the meantime, momentum is building as investors look ahead to a potential bull run in 2026.
Willy Woo signals possible Bitcoin bull trap, says cycle bottom not yet in
On-chain analyst Willy Woo has warned that Bitcoin may be forming a “bull trap,” suggesting a temporary rally before the broader downtrend continues. He made the statement in a recent post on X, saying the market could see a short-term rebound lasting until late April.
According to him, such a rebound might mislead investors into thinking a new uptrend has begun. However, he believes Bitcoin is still in a bear market, driven by weak liquidity.
Presently, Bitcoin is trading around $67K after dropping about 47% from its October all-time high of $126,000. Woo added that further downside is possible unless long-term capital returns to the market.
An analyst forecasts that the Bitcoin price trades inside a falling wedge and might surge to $70K upon breakout.
